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.Start a state-specific lease for the rental of commercial property. Simple Rental Agreement. You can use this document to outline the terms and conditions of an equipment rental. It is recommended to always include a detailed description of the equipment and any equipment attachments provided. 2. You will need these notes in order to fill out the Test Report Forms after your test has been completed. Costs of buy-back services may be included in the direct cost base, depending upon the Tribe's indirect cost (IDC) rate agreement. If eligibility is established, the lender may print the COE for their records. This eliminates completing a paper application (VA.