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.The downloadable form is designed to institute a concrete arrangement, establishing the terms and conditions to be followed for the duration of the contract. Discover what an equipment rental agreement is, what you should include in one, and download our free rental agreement template to get you started. How do I fill this out? Filling out this form is easy and straightforward. Download an equipment lease agreement template to create a contract between an equipment owner and a party looking to rent the equipment. Georgia Agreement to Lease Equipment (with Warranty). An equipment lease agreement enables someone to rent out machinery, tools, electronics, or equipment to businesses and individuals. Quickly create your Equipment Lease Agreement with easy-to-customize templates.