Purchase of Heavy Equipment shall not be permitted under this Contract. Download a free equipment rental agreement template, and view sample lease and leasetoown agreements for construction equipment.This article covers everything you need to customize and complete your equipment lease agreement. An equipment lease agreement is a legal contract where the owner allows another party (lessee) to use equipment in exchange for payment. You can use this document to outline the terms and conditions of an equipment rental. Download your Equipment Lease Agreement With Option to Purchase Template in Word Doc format. An equipment lease agreement enables someone to rent out machinery, tools, electronics, or equipment to businesses and individuals. 9 (end date) (Lease Term). LEASE PAYMENTS: Tenant agrees to pay to Landlord as rent for the Premises the amount of. Please fill out the form below and we will get you a copier lease quote today!