In Chicago, standard lease agreements are made up of many parts that all need to comply with local ordinances and protect you from legal issues. Below is a list of forms and information that may be required to complete a Request for Proposal Response.This is the first of a twopart article series intended to provide an overview of necessary lease provisions and highlight those items that are required. Ensure the owner and renter know what's expected of them and the equipment. Use our attorney-drafted equipment lease agreement template. Wondering how to fill out a standard rental contract? We strongly recommend that you seek professional legal counsel when crafting your lease agreement. Rental Purchase Agreement Occupation Tax is imposed on the gross receipts received on or after January 1, 2018, from the renting of tangible personal property.