An equipment lease agreement is a legal contract where the owner allows another party (lessee) to use equipment in exchange for payment. Simply answer our questionnaire to generate your document.Then, download your file as a PDF or print a copy for your records. In this post, we'll tell you what a vendor contract form is, why you should use one, and break down the details of our very own free vendor agreement template. How do I fill this out? Filling out this form is easy and straightforward. An equipment lease agreement enables someone to rent out machinery, tools, electronics, or equipment to businesses and individuals. Download a free equipment rental agreement template, and view sample lease and leasetoown agreements for construction equipment. Discover what an equipment rental agreement is, what you should include in one, and download our free rental agreement template to get you started.