This is an Equipment Lease for Construction or Plant Machinery. It is suitable for leasing large industrial plant and or machinery to another business. It is not suitable for lease to a consumer as it does not comply with necessary consumer protection legislation. Lease term can be fixed or extendable.

About this document

This is a comprehensive agreement to lease any type of construction industry plant or machinery which is used on a construction or civil engineering site, for example. It has been drawn primarily to protect interest of the lessor. We advise not to use for a lease to a “consumer” purely because they do not cover the enormous amount of consumer protection law.

Application and features

Suitable for any trade or business;
Suitable for a fixed or extendable period;
Contains alternative provisions in simple English.

Contents

Details of lease rentals and subject matter of lease;
Testing and checking of subject matter by the lessee-conditions of acceptance;
Prohibition on selling and subletting;
Termination, premature termination and its consequences;
Optional provision for deposit by the lessee of additional security in cash or goods;
Detailed repair and maintenance provisions;
Covers essential matters such as insurance: lessee insures in name of the lessor;
Provision for purchase of subject matter by the lessee during the period of lease;
Option to extend lease term;
Other provisions to protect your interests.

If you have a question about leasing law or what is required in legal terms to securing a leasing relationship for a large piece of construction machinery or plant agreement, we have lawyers available online now who can assist by answering your questions about this topic. Alternatively, you can go straight to the template download site. If you would like to obtain a copy of this template, simply click here:

Equipment Lease for Construction or Plant Machinery