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.Check the following which are included in the rent: Heat. Electricity. Discover what an equipment rental agreement is, what you should include in one, and download our free rental agreement template to get you started. Limited utilities may be included in the rent. All alarm systems must be registered with the Franklin Lakes Police Department. An oral agreement is made between the landlord and tenant after they discuss rental items. It is usually a month to month agreement – that is, the rent is paid. You can use the standard restrictions included in the template, write specific terms yourself, or allow the renter to use the equipment freely. Discover what an equipment rental agreement is, what you should include in one, and download our free rental agreement template to get you started.