Personal Property Lease
(Short Form)

Summary

This personal property lease is a short form lease for leasing personal property, such as office equipment, furniture, or other property. This template includes practical guidance, drafting notes, and alternate and optional clauses. This lease addresses drafting considerations for the essential terms of the lease, including identification of the leased property, lease term, renewal and termination, payment terms, and controlling governing law and venue selection. For further guidance on leases governed by the Uniform Commercial Code, see UCC True Leases and UCC Article 2A Fundamentals; for additional resources on equipment leases, see Equipment Leasing Resource Kit. For a short form personal property lease drafted in favor of the lessor, see Personal Property Lease (Pro-lessor, Short Form).