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Toronto, ON. Houston, TX. Calgary, AB. Los Angeles, CA. Atlanta, GA. Show more locations. Don't see your city? Search for rental companies near you: Search near you. Why Contractors Choose DOZR. More Options. Explore equipment across North America from nationwide, regional, and local rental partners, giving you more options than ever before.
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The nation's largest equipment rental company! BigRentz is innovating the way equipment is rented. Offering aerial work platforms, material handling equipment, earthmoving equipment, compaction equipment, and site services.
- Free Equipment Rental Agreement Template
- Types of Equipment Rental Agreements
- Examples of Equipment Rental Agreements
- Common Clauses in Equipment Lease Agreements
- Equipment Rental Disputes
- Payment Rights For Equipment Rental Companies
This template is a general equipment rental agreement. It includes payment terms, equipment location, and logistics.
In general, there are two different types of rental agreements, and they tailor toward different outcomes: In a standard lease agreement, the lessee returns the equipment at the end of the terms. In alease-to-own agreement, the lessee potentially has the option to purchase the equipment at the end of the contract period.
Sample Lease Agreement from the University of Nebraska
This is more of an example than a template, but you can use it to draw up your own agreement. It’s nine pages long and includes items like required insurance, damages, maintenance, and taxes. The clauses are pretty extensive.
Monterey, CA Lease-to-Purchase Agreement
If you’re entering into a lease-to-own scenario, this template is definitely worth familiarizing yourself with. It includes all of the same basic information but with a predetermined purchase price. For another example of a lease-to-own agreement, you can also check out the Commercial Equipment Lease to Purchase Agreementfrom US Security and Exchange Commission.
There are a few common clauses you might consider including in your lease agreements. Here are a few of the most common ones:
Since we’re covering equipment rental agreements, it’s worth pointing out some common rental disagreements as well. Some common disputes or challenges that can occur in a rental scenario include: 1. Missed payments 2. The lessee returns the equipment in poor condition 3. The equipment fails due to poor maintenance, causing the project to fall behin...
There are some risks involved in renting or leasing equipment: The contractor might not maintain the equipment, or they might not use it properly. In the scenario that you need to collect the equipment, you could be unable to physically find it. The good news, however, is that equipment rental companies generally have mechanics lien rights. If you ...
Renting construction equipment comes with many advantages for contractors and large construction companies alike — it can help you complete projects more efficiently and free up resources for other business endeavors, all while limiting risk to your company. Rentals have grown popular in recent years.
Estimates project the global size of the construction equipment rental industry will likely exceed an appreciable $170 billion by 2026. More contractors are discovering the benefits they can cash in on when they rent equipment. We'll explore some of those advantages below. Benefits of Renting for Independent Contractors.
Mar 10, 2023 · Renting allows you to have access to necessary work equipment without paying a significant upfront cost, monthly loan payments, or monthly leasing payments. Instead, you can rent your equipment for a few days, weeks, or months at a time. Pros of renting equipment: You can avoid a down payment and high monthly payments.
