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.This article covers everything you need to customize and complete your equipment lease agreement. You can use this document to outline the terms and conditions of an equipment rental. This document is an equipment lease agreement with a purchase option between a lessor and lessee company. Discover what an equipment rental agreement is, what you should include in one, and download our free rental agreement template to get you started. An equipment lease agreement enables someone to rent out machinery, tools, electronics, or equipment to businesses and individuals. A Tool Shed rents and sells a variety of top quality equipment tools in San Jose. Med One Group offers medical equipment for sale, lease, and rental for hospitals and medical facilities. Browse our equipment and supplies inventory.