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Equipment lease agreements are documents that allow property owners to permit temporary use of their equipment for a fee. These agreements can vary based on state regulations and specific arrangements, but they share common elements regardless of the equipment or location. They are particularly useful for large jobs requiring expensive equipment that may not be needed long-term, making renting more logical than purchasing. For those lending equipment, an equipment lease agreement provides a means to ensure that the equipment is properly cared for during the lease term.