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hello im nadia macleod from rpmre legal kits and we help businesses cut their legal costs with our online template kits equipment rental agreements can cover almost anything the basic principle is that if the owner of the equipment is letting someone else use it and charging a fee for it you will need an equipment rental agreement this is a simple yet essential document that makes sure your needs are met particularly in terms of time security deposits insurance potential loss of value and many other factors renting can be a simple cost-effective way of using something you dont want to buy it can be a great way to run a business or even to start a business either way if youre renting to others or renting something for your own use you need to make sure the terms of the agreement are clear and understandable youll be glad you did an equipment rental agreement is generally used for short to medium term if you want to rent the equipment for a long period of time then the commercial equ