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Equipment lease agreements are documents that allow owners of personal property to let others use it temporarily for a fee. There are various ways to structure these agreements, with considerations based on the state you live in. Regardless, there are common factors to keep in mind when loaning or borrowing equipment. Equipment lease agreements are particularly useful for big jobs requiring expensive equipment that may not be needed again. For owners looking to lend equipment, these agreements ensure that the equipment is taken care of properly.
