Transaction Summary
The Standard Equipment Lease is a one-transaction document that defines the equipment leased along with a fixed lease term and payment structure. The equipment lease term typically parallels the amortized life of the asset. The lease payment is a function of price, the lease term and interest, along with transaction costs. Equipment selection and acceptance criteria are typically negotiated by the parties, as well as equipment delivery and installation. Warranties are typically limited, although negotiations can sometimes yield improved warranty terms. Insurance is typically a lessee responsibility. Typically, such leases will allow purchase of the equipment at the end of the lease at fair market value. You can find answers to your questions using our extensive library of
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This Agreement helps Lessors maximize cash flow and reduce risks in leasing equipment.
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