Download a free equipment rental agreement template, and view sample lease and leasetoown agreements for construction equipment. You can use this document to outline the terms and conditions of an equipment rental.THIS AGREEMENT (hereinafter referred to as the "Texas Lease Agreement") is made and entered into this ____ day of. An equipment lease agreement is a legal contract where the owner allows another party (lessee) to use equipment in exchange for payment. The requisition will become a Purchase Order contract specifying the exact terms and conditions. Before entering a requisition, the. This document is an equipment lease agreement with a purchase option between a lessor and lessee company. This document can be printed and utilized as a checklist to ensure all plan submittals are complete and ready for immediate entry into the plan review system. Standard Residential Lease Agreement The most popular type of lease. This section gives the lessee the option to buy the equipment.