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Equipment lease agreements allow property owners to temporarily rent out personal property for a fee. Various structures exist for these agreements, influenced by state laws, but certain common elements are essential regardless of location. Such agreements are particularly beneficial for significant jobs that require expensive equipment unlikely to be needed again, such as a steamroller. Renting can be more cost-effective than purchasing. To safeguard their equipment, owners can utilize an equipment lease agreement, which outlines terms to ensure proper care and usage during the lease period.