Picture of Net Equipment Lease Agreement | Canada Picture of Net Equipment Lease Agreement | Canada

Net Equipment Lease Agreement | Canada

Prepare a Net Equipment Lease Agreement for Canada with this ready-made template.

  • The customer (lessee) is to maintain all warranties, guarantees and insurance on the rental items.
  • Ownership of the equipment remains with the supplier (lessor) until the end of the lease.
  • The lessee indemnifies the lessor against any loss or damage. The indemnity will survive termination of the lease.
  • There will be no abatement of rent during any down-time of the equipment.
  • This is a Canadian legal form that can be used in most provinces and territories except Quebec.
  • The template is available as a fully editable MS Word document.
Document Type: Microsoft Word
Last Updated: 20-March-2022
SKU: 3277
$29.99
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Equipment Lease 'Hell or High Water' Clause

Insert this optional 'hell or high water' clause into an equipment lease to govern payments by the Lessee, no matter what.

  • The Hell or High Water clause provides that the Lessee (party leasing the equipment) is obligated to pay lease payments regardless of the circumstances and regardless of any right the Lessee may have to set-off or counterclaim against the Lessor.
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  • This clause can be used in any common law jurisdiction which does not prohibit clauses of this type.
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Picture of Saskatchewan Equipment Lease with Purchase Option

Saskatchewan Equipment Lease with Purchase Option

Do you lease equipment or machinery in Saskatchewan? Prepare your customer contracts with this comprehensive Equipment Lease with Purchase Option.

  • The customer has an option to purchase the equipment after a minimum number of months under the Lease.
  • The customer authorizes the leasing company and the bank to debit the customer's accounts for the monthly payments and any other charges due under the lease.
  • Provision for late fees, dishonoured cheque fees, interest on late payments, and administration fees.
  • The equipment remains the property of the leasing company throughout the term of the lease.
  • The customer bears the entire risk of loss or damage to the equipment while it is under the customer's control.
  • The lease is a net lease to the leasing company, and the customer is responsible for paying all costs, expenses and taxes on the equipment (other than the leasing company's income taxes).
  • The leasing company gives no warranties. All warranties of the manufacturer or supplier are transferred to the customer.
  • The customer must be in good standing under the lease in order to exercise its option to purchase the equipment.
  • This Equipment Lease is intended to be used in the Province of Saskatchewan, Canada.
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Equipment Lease Agreement with Purchase Option

Lease equipment on a rent-to-own basis with this short form Equipment Lease Agreement with Purchase Option.

  • The leasing company (lessor) retains ownership of the equipment during the term of the lease.
  • The lessor has a right to inspect the equipment during the lease.
  • The lessor will pay the taxes on the equipment.
  • The customer (lessee) is responsible for maintaining insurance on the equipment during the lease.
  • The lessor does not give the lessee any warranty or guaranty with respect to the equipment.
  • This is a fully editable MS Word document that can be modified to fit your unique needs.
  • This contract template is generic and does not contain specific references to the laws of any country or jurisdiction.
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