An equipment rental contract is a very important document because it contains the terms of the contract between the lessor and the tenant. If you are tasked with creating the template for your business, be sure to include these parts: a device rental agreement is a contract between two parties for the use of a certain type of equipment. The lessee rents the lessor`s appliances for a specified period of time, as indicated in the rental agreement for the appliance. In return, the tenant will again compensate the owner, as stated in the contract. In the case of a short-term equipment rental contract, the lessor may give the lessee the choice to renew, terminate the contract or purchase the leased equipment. It depends on the terms of the initial agreement reached and agreed by both parties. The rent is recovered by the .E. If the tenant does not pay within five (5) days of the due date, the late fee is charged at 6%. The tenant agrees to pay a first payment of $2. The owner declares that the motor vehicles are in first class condition and are suitable in all respects for the carriage of ________; each of the lorry has been licensed and is constructed and equipped in such a way that it complies with all the rules and rules governing their operation on the motorways of that State and bears charges net of the amounts indicated on the back of this Agreement.