5. Option to Purchase. Tenant agrees to lease from Owner the premises located in Salt Lake City, Salt Lake County, Utah, described as Parcel no. 00-00-000-000-0000.Download a free equipment rental agreement template, and view sample lease and leasetoown agreements for construction equipment. An equipment lease agreement is a legal contract where the owner allows another party (lessee) to use equipment in exchange for payment. The lease agreement goes into effect with the next rent payment after lease expiration. This article covers everything you need to customize and complete your equipment lease agreement. A lease agreement is a legal document outlining the rental terms for either a commercial or residential property between the property owner and the renter. An equipment lease agreement is a legal contract where the owner allows another party (lessee) to use equipment in exchange for payment. This Concession Lease sets out the entire agreement between the parties. Rent premium ski, snowboard, and bike equipment with expert advice and personalized gear selection.