An equipment lease agreement is a legal contract where the owner allows another party (lessee) to use equipment in exchange for payment. Limited utilities may be included in the rent.You can use the standard restrictions included in the template, write specific terms yourself, or allow the renter to use the equipment freely. Here you'll find answers to the most frequently asked questions, downloadable forms to help you manage your lease, and essential telephone numbers. 1. Download the Master Rental Agreement PDF. Download a free equipment rental agreement template, and view sample lease and leasetoown agreements for construction equipment. Local government is a leader in problem-solving and innovation. Not included in the contract. Our water comes to us through a network of treatment plants, reservoirs, and pumping stations made up of more than 1,620 kilometres of pipes.