Hawaii Master Lease of Equipment as Personal Property

• Category: Leases - Equipment
• State: Multi-State
• Control #: US-0810BG
• Format: Word; Rich Text

Description

A Master Lease Agreement of Equipment is a continuing lease arrangement under which additional equipment may be leased by executing a new lease schedule instead of negotiating a new lease contract. It is, in effect, a line of credit the lessee can draw upon to finance additional equipment. Terms of the original lease contract apply to all subsequent additions.