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Equipment lease agreements are documents that allow owners of personal property to temporarily let others use their equipment for a fee. These agreements can be structured in various ways depending on state laws, but there are key common considerations regardless of the specifics. They are particularly useful for large jobs requiring expensive equipment that may not be needed afterward, as purchasing items like a steamroller may not be practical. For those lending equipment, an equipment lease agreement ensures that the equipment is properly cared for during the rental period.
