Equipment rental contract template (US)

Equipment Rental Agreement

This Equipment Rental Agreement is made on Agreement Date between Owner Name, a Owner Entity Type and State, at Owner Address ("Owner"), and Renter Name, at Renter Address ("Renter").

1. Equipment

Owner rents to Renter the following equipment, with the accessories listed (the "Equipment"):

| Item | Serial Number | Replacement Value |

| --- | --- | --- |

| First Item | First Serial Number | $First Replacement Value |

| Second Item | Second Serial Number | $Second Replacement Value |

2. Rental Period

The rental starts on Start Date and ends on End Date. Renter may extend it only with Owner's written approval. Equipment kept past the end date is charged at the rate below for each extra Rate Period.

3. Rent and Deposit

Renter will pay $Rental Rate per Rate Period, for a total of $Total Rent, due Payment Terms, plus any sales or use tax that applies. Renter will also pay a security deposit of $Security Deposit. Owner will return the deposit within Deposit Return Days days after the Equipment is returned, less any amounts owed under this Agreement, with a written list of deductions.

4. Delivery and Return

The Equipment will be Delivered to or Picked Up at Delivery Location on the start date. Delivery and pickup charges: $Delivery Charge. Renter will return the Equipment to Return Location in the same condition as received, except for normal wear and tear, cleaned and with Fuel or Charge Level.

5. Inspection

Renter will inspect the Equipment on delivery and report any defect in writing within Inspection Hours hours. Otherwise, the Equipment is treated as received in good working order.

6. Use

Renter will use the Equipment only at Job Site Address, only for its intended purpose, only by trained and qualified operators, and in line with the manufacturer's instructions and all safety laws, including OSHA rules that apply. Renter will not sublet, lend or move the Equipment without Owner's written consent.

7. Maintenance and Breakdown

Renter will perform routine daily care, such as Routine Care Tasks. Owner is responsible for other repairs caused by normal use. Renter will stop using the Equipment and notify Owner at once if it breaks down. Renter will not make repairs without Owner's consent. Rent for days the Equipment cannot be used because of a defect not caused by Renter will be credited.

8. Loss and Damage

From delivery until return, Renter bears the risk of loss, theft and damage to the Equipment, other than normal wear and tear. Renter will pay the cost of repair, or the replacement value listed above if the Equipment cannot be repaired, and rent until the claim is settled, up to Lost Rent Limit.

9. Insurance

Renter will carry Property Insurance Coverage covering the Equipment for its replacement value, naming Owner as loss payee, and commercial general liability insurance of at least $Liability Coverage per occurrence, and will give Owner a certificate before delivery.

10. Indemnity

To the extent the law allows, Renter will defend, indemnify and hold harmless Owner against claims for injury, death or property damage arising from Renter's possession, use or transport of the Equipment, except to the extent caused by Owner's negligence or a defect in the Equipment.

11. Warranties

Owner warrants that it owns the Equipment and has the right to rent it. EXCEPT AS STATED IN THIS AGREEMENT, THE EQUIPMENT IS RENTED "AS IS," AND OWNER DISCLAIMS ALL OTHER WARRANTIES, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, TO THE EXTENT THE LAW ALLOWS.

12. Ownership

The Equipment remains Owner's property at all times. This is a true lease and not a sale or security agreement. Renter will keep the Equipment free of liens, and Owner may file a precautionary UCC financing statement.

13. Default

If Renter fails to pay within Cure Days days after written notice, or misuses the Equipment, Owner may end this Agreement and recover the Equipment, entering the place where it is kept only as the law allows and without breach of the peace, and may recover amounts owed and reasonable collection costs.

General Terms

Governing law. This Agreement is governed by the laws of the State of Governing State, without regard to its conflict of laws rules. Any lawsuit will be brought in the state or federal courts located in Venue County and State.

Entire agreement. This Agreement is the parties' complete agreement on its subject and replaces all earlier discussions. It may be changed only in a writing signed by both parties.

Severability. If a court finds any part of this Agreement unenforceable, that part will be enforced to the extent the law allows, and the rest stays in effect.

Assignment. Neither party may assign this Agreement without the other's written consent, except to a successor to its whole business.

Notices. Notices must be in writing and sent to the addresses above by personal delivery, certified mail or a nationally recognized courier.

Counterparts and e-signatures. This Agreement may be signed in counterparts and by electronic signature, which has the same effect as an original.

| Owner | Renter |

| --- | --- |

| Signature: Owner Signature | Signature: Renter Signature |

| Name: Owner Printed Name | Name: Renter Printed Name |

| Date: Owner Signing Date | Date: Renter Signing Date |