An equipment lease agreement is a legal contract where the owner allows another party (lessee) to use equipment in exchange for payment. Download a free equipment rental agreement template, and view sample lease and leasetoown agreements for construction equipment.THIS AGREEMENT (hereinafter referred to as the "Texas Lease Agreement") is made and entered into this ____ day of. In this post, we'll tell you what a vendor contract form is, why you should use one, and break down the details of our very own free vendor agreement template. Simply answer our questionnaire to generate your document. Then, download your file as a PDF or print a copy for your records. An equipment lease agreement enables someone to rent out machinery, tools, electronics, or equipment to businesses and individuals. How do I fill this out? Filling out this form is easy and straightforward. After completing and signing the rental equipment agreement form, both parties can have a printable equipment rental agreement downloaded in PDF from PandaDoc.