Equipment Lease Agreement (Short Form) (Non-consumer)

Summary

This precedent is a short form lease contract for the lease of equipment. It contains practical guidance, drafting notes, and an optional clause. This Short Form Lease Contract is a standalone document that sets out the entire arrangement between the finance company and the obligor. It includes basic terms of the relationship and the financial details of the transaction. This document is used if the relationship will be a one-time transaction between the parties or with a less sophisticated obligor like in relatively low value transactions. This contract is for non-consumers. Provincial licences, permits and registrations are required for certain entities to conduct transactions with consumers including in Saskatchewan, New Brunswick and Nova Scotia. (Ontario and Alberta require extra-provincial companies to register as such). For more sophisticated parties or a continuing relationship, see the precedents: Master Lease Agreement (Equipment Financing) and Master Lease Schedule ...