Equipment Rental Agreement
Starting-point transaction form for equipment rental yards. Complete every bracketed field and obtain legal review before use.
- Agreement number
- [AGREEMENT NUMBER]
- Agreement date
- [AGREEMENT DATE]
- Customer PO / job reference
- [PO OR NONE]
- Governing state for counsel review
- [GOVERNING STATE]
1. Parties and authority
- Lessor
- [LESSOR LEGAL NAME]
- Lessor address
- [ADDRESS]
- Lessor phone
- [PHONE]
- Lessor email
- [EMAIL]
- Lessee
- [LESSEE LEGAL NAME]
- Lessee address
- [ADDRESS]
- Authorized signer
- [SIGNER NAME]
- Signer title
- [TITLE]
- Signer phone
- [PHONE]
- Signer email
- [EMAIL]
[LESSOR LEGAL NAME] agrees to rent the equipment listed below to [LESSEE LEGAL NAME]. The person signing for Lessee represents that they are authorized to review and sign this Agreement for Lessee.
2. Equipment schedule
| Equipment | Unit | Make / model | Serial | Qty | Meter out | Fuel out | Rate |
|---|---|---|---|---|---|---|---|
| [EQUIPMENT DESCRIPTION] | [UNIT #] | [MAKE / MODEL] | [SERIAL #] | 1 | [METER] | [FUEL] | [RATE] per [RATE BASIS] |
The parties should identify each unit specifically enough to distinguish it from similar equipment. Attach additional schedules if more space is needed.
3. Rental period and site
- Start
- [RENTAL START DATE]
- Expected return
- [EXPECTED RETURN DATE]
- Job site
- [SITE NAME]
- Site address
- [SITE ADDRESS]
Lessee will keep the equipment at the listed site unless Lessor approves a different location in writing. Any extension, call-off, or early return should be documented by both parties, including the date and time billing changes.
4. Rates, charges, and payment
- Billing method
- [CHOOSE CALENDAR-DAY OR ROLLING 24-HOUR BILLING]
- Security deposit
- [DEPOSIT OR NONE]
- Payment terms
- [WHEN PAYMENT IS DUE]
Lessee agrees to pay the rates, fees, taxes, and other charges stated in this Agreement and any signed attachment. The parties should define partial-period, extension, overage, standby, and early-return treatment before the equipment leaves the yard.
A deposit, if listed, is not automatically a damage charge. The final agreement should state how the deposit may be applied, when any balance is returned, and what documentation supports deductions.
5. Delivery, pickup, and transportation
- Fulfillment
- [CHOOSE COMPANY DELIVERY OR CUSTOMER PICKUP]
- Delivery address
- [DELIVERY ADDRESS OR NOT APPLICABLE]
- Pickup address
- [PICKUP ADDRESS OR NOT APPLICABLE]
- Delivery charge
- [CHARGE OR NONE]
- Pickup charge
- [CHARGE OR NONE]
Choose and document who will deliver and retrieve the equipment, the approved addresses, transport responsibilities, access restrictions, waiting time, and any related charges before release.
6. Condition, fuel, and return standard
- Checkout condition record
- Not yet attached
- Required return fuel level
- [RETURN FUEL STANDARD]
- Refueling charge
- [CHARGE OR ACTUAL COST]
- Cleaning charge
- [CHARGE OR ACTUAL COST]
Lessee should inspect the equipment at handoff and identify pre-existing condition, meter, fuel, attachments, and visible damage in a signed checkout record. Lessee will return the equipment in the agreed condition, ordinary wear and tear excepted, with all listed attachments and records.
7. Use, care, breakdowns, and notice
Lessee will use the equipment only for its intended purpose and at the approved site, using operators who are trained, qualified, and legally permitted for the work. Lessee will not subrent, alter, overload, or move the equipment to another site without written approval.
Lessee will stop use and notify Lessor promptly after a breakdown, accident, theft, loss, or suspected unsafe condition. Lessee will not authorize repairs or modifications unless Lessor approves them in writing.
8. Damage, loss, and damage protection
- Damage-protection election
- Not addressed in this draft
- Damage-protection fee
- [FEE OR NOT APPLICABLE]
Subject to applicable law and any separately reviewed damage-protection terms, Lessee is responsible for loss, theft, or damage occurring while the equipment is in Lessee's possession, except ordinary wear and tear.
Damage protection is not addressed in this draft. Choose an election only after the yard has separately reviewed the option, fee, coverage, exclusions, claim process, and applicable law.
9. Insurance and allocation of risk
- Insurance requirement
- [INSERT COUNSEL-APPROVED INSURANCE REQUIREMENTS OR STATE NONE]
Insurance limits, additional-insured language, indemnity, warranty disclaimers, and limits of liability vary by transaction and jurisdiction. Insert only terms reviewed for this yard, equipment, customer, and state; this generator does not choose them.
10. Default, recovery, and disputes
The final agreement should define default, notice, cure rights, lawful equipment recovery, collection costs, dispute forum, and any attorney-fee provision. Do not repossess equipment, enter property, assess interest, or select a forum based only on this starting-point language; use counsel-approved procedures and applicable law.
The parties intend the laws of [GOVERNING STATE] to govern only if that choice is valid and approved by counsel for this transaction.
11. Entire agreement and changes
This Agreement, its equipment schedule, condition record, and signed attachments are intended to record the parties' complete rental terms. Changes should be in writing and accepted by authorized representatives of both parties. Review any conflict with an existing master service agreement before signing.
Additional negotiated terms: [ADD TERMS OR STATE NONE].
Signatures
Lessor
Party: [LESSOR LEGAL NAME]
Printed name: ____________________________
Title: ____________________________
Signature: ____________________________
Date: ____________________________
Lessee
Party: [LESSEE LEGAL NAME]
Printed name: ____________________________
Title: ____________________________
Signature: ____________________________
Date: ____________________________