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Equipment lease agreements allow property owners to temporarily rent their equipment to others for a fee. These agreements can vary based on location and specific needs, but certain principles apply universally. They are especially useful for significant projects that require costly equipment, which may not be needed afterward, making rental a more practical choice than purchase. For those lending equipment, a lease agreement provides assurance that the items will be properly maintained and returned. This document is essential for both parties to establish terms and protect their interests in the transaction.