Download a free equipment rental agreement template, and view sample lease and leasetoown agreements for construction equipment. This document is an equipment lease agreement with a purchase option between a lessor and lessee company.An equipment lease agreement is a legal contract where the owner allows another party (lessee) to use equipment in exchange for payment. Equipment Rental Agreement Template Rentman - Free download as PDF File (. You can use this document to outline the terms and conditions of an equipment rental. Description: This example of an agreement between a developer and a lease- purchaser is intended to illustrate how NSP grantees, subrecipients. The text on the image reads 'FULLY EDITABLE TEMPLATE', 'EQUIPMENT RENTAL AGREEMENT', 'GO FROM THIS', 'TO THIS', 'IN SECONDS! Save time and money with this in-depth editable business template. The downloadable form is designed to institute a concrete arrangement, establishing the terms and conditions to be followed for the duration of the contract.