16. INDEMNITY. The Tenant undertakes to compensate the lessor, its subsidiaries, related companies and senior executives concerned, representatives, partners and employees concerned in the event of losses, receivables, claims or threats, including costs incurred by the use of the equipment by the tenant, the functionality of the equipment or any violation of this agreement. You should use an equipment lease at any time if you want to rent equipment you own to another person. You can also use it to rent devices that someone else owns if they don`t sign a contract for you. There are a few cases where you have to get off a device rental contract, especially if you realize that it is nothing more than a “trap”. The good news is that you have a number of things you can do to terminate the equipment lease: in America, more than 80% of companies accept an equipment lease so they can rent equipment instead of buying it. That`s why there are thousands of companies that rent equipment to companies that need it for regular compensation. Any person, company, company or organization can use an appliance rental contract if they have to rent a device for any reason. Whether you are the owner or the tenant, here are some steps to follow when using this document: 5th LEASE TERM.
This equipment lease begins on the date mentioned above and expires on [DATE] unless this is terminated in a manner consistent with these Terms. At the end of the rental period, the tenant is required to return the equipment to the landlord at the tenant`s expense. One way or another, companies have to acquire equipment for their businesses, and there are three ways to do that. First, the company can buy the cash equipment it needs. Second, the company can purchase the necessary equipment by borrowing from the bank. The landlord undertakes to make the following appliances available to the tenant, which are on the first page. 8. The owner does not guarantee the leased devices, except that the owner replaces the devices with identical or similar devices if the device does not operate in accordance with the manufacturer`s specifications and instructions.
This exchange should be made as soon as possible after the return of the non-compliant equipment by RENTER. In the case of a short-term lease, the lessor may give the lessor the opportunity to renew, terminate the contract or acquire the leased equipment. It depends on the terms of the original agreement reached and accepted by both parties. An equipment lease agreement is a contractual contract between a lessor and a taker to lease and use the equipment for a certain period of time with regular payments.