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Equipment lease agreements are essential documents allowing property owners to temporarily rent out their personal property for a fee. There are various ways to structure these agreements, influenced by state regulations, but common considerations apply regardless of location or specific items involved. Equipment lease agreements are particularly beneficial for large projects requiring costly equipment that won't be needed again, such as a steamroller. Renting makes financial sense for the job contractor, while the property owner benefits from a formal lease that ensures proper care of the equipment.