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Equipment lease agreements are documents that allow owners of personal property to rent it out for temporary use in exchange for a fee. There are various ways to structure these agreements, with considerations varying by state. Regardless of location or type of property being leased, certain common elements should be included. Equipment lease agreements are particularly useful for big projects that require expensive equipment that may not be needed again. Owners looking to lend out equipment can use these agreements to ensure that their property is taken care of during the rental period.
