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Forklifts are considered to be one of the most important machines in any warehouse or industrial setting. They are used for lifting and transporting heavy goods from one place to another, making work more efficient and less time-consuming. However, forklifts can be quite expensive, which is why many businesses choose to lease them instead of buying them outright.

If you`re thinking of leasing a forklift, it`s important to have a proper lease agreement in place. A lease agreement is a legal document that outlines the terms and conditions of the lease, including the duration of the lease, the payment terms, and any other conditions that both parties have agreed upon.

When it comes to leasing a forklift, there are several factors that you should consider. These include the type of forklift that you need, the duration of the lease, and the payment terms. To help you get started, we`ve put together a forklift lease agreement template that you can use as a guide.

Forklift Lease Agreement Template

1. Parties

This lease agreement is made between [Lessor Name], hereafter referred to as the “Lessor,” and [Lessee Name], hereafter referred to as the “Lessee.”

2. Equipment Description

The Lessor agrees to lease the following equipment to the Lessee:

Make and Model: ______________________________

Serial Number: _______________________________

Year of Manufacture: __________________________

Capacity: ____________________________________

3. Term

The lease term shall commence on _______________ and shall terminate on _______________. The lease term may be extended by mutual agreement between the Lessor and Lessee.

4. Rental Payments

The Lessee shall pay the Lessor the sum of $_________ per month for the use of the equipment. Rental payments shall be due on the _________ day of each month during the lease term.

5. Delivery and Return

The equipment shall be delivered to the Lessee at _______________ on the date of commencement of the lease term. The Lessee shall return the equipment to the Lessor at _______________ on the date of termination of the lease term.

6. Maintenance and Repair

The Lessee shall maintain the equipment in good condition and repair throughout the lease term at its own expense. The Lessee shall be responsible for any repairs or damage to the equipment caused by its negligence or misuse.

7. Insurance

The Lessee shall maintain liability insurance coverage for the equipment in an amount not less than $_________. The Lessee shall name the Lessor as an additional insured on its policy of insurance.

8. Default

In the event of a default by the Lessee, the Lessor may terminate the lease without notice and take possession of the equipment.

9. Governing Law

This lease agreement shall be governed by the laws of the state of _______________.

10. Entire Agreement

This lease agreement constitutes the entire agreement between the Lessor and the Lessee and supersedes all prior negotiations, agreements, and understandings, whether oral or written, relating to the subject matter of this lease agreement.

Conclusion

Leasing a forklift can be a great way to save money while still having access to the equipment you need to run your business. However, it`s important to have a proper lease agreement in place to protect both parties. Make sure that you carefully review and understand all of the terms and conditions of the lease before signing on the dotted line.

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