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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 considerations applicable universally. They are particularly beneficial for large, one-time jobs requiring expensive equipment, like a steamroller, which may not be needed again. Instead of purchasing such items, it is often more practical to rent them. Equipment lease agreements provide a solution for ensuring that the borrowed equipment is well-maintained during the rental period.