An equipment lease agreement is a legal contract where the owner allows another party (lessee) to use equipment in exchange for payment. Those planning to create an equipment rental agreement can download a printable sample from our list for free.Download a free equipment rental agreement template, and view sample lease and leasetoown agreements for construction equipment. Discover what an equipment rental agreement is, what you should include in one, and download our free rental agreement template to get you started. You can use this document to outline the terms and conditions of an equipment rental. For rentals of the COMMUNITY ROOM, the Renter shall be entitled to use the main great room, bathrooms, and kitchen. No other areas are permitted for use. An equipment lease agreement enables someone to rent out machinery, tools, electronics, or equipment to businesses and individuals. It's simple if you need to rent equipment, you'll need an equipment rental agreement! In the event that Landlord accepts new rent from Tenant after the termination date, a month-to month tenancy shall be created.