Equipment Hire Agreement Template / Lease Of Chattels | Fully Owned Equipment | LawLive
LawLive ®
Thank you for your kind words:

Thanks for the follow up calls and the additional works to incorporate our logo it was greatly appreciated. The short time from completion on line to delivery of documents is extremely cost effective for us and to know that we have covered off on the legislative side on our employment contracts is also assuring.

I have no hesitation in recommending your services to all other small business owners and managers, I believe we will be using your services in futu

Wayne Bakker - Omni Instruments
LawLive ®


LawLive

LawLive is a member of the Internet Industry Association   LawLive is Responsible Internet Business
Customise your document

Lease of Chattels / Equipment Rental Agreement (Fully Owned)

Lease of Chattels / Equipment Rental Agreement (Fully Owned)
Document Type: Microsoft Word
Build Time: 12 Min
Rating:
Plus 1 this Document:

LawLive also offers: Lease of Chattels for Owned and Leased Equipment

This Lease of Chattels should be used where all the chattels and equipment belong to the owner/lessor outright and are not subject to any bill of sale, charge, mortgage, hire purchase agreement or finance lease.

A chattels lease can be used to allow flexibility within a group of companies' activities where there are several different businesses being conducted. For example, a company that does landscaping may have another group company that does earth moving or provides soil, turf, gravel etc. Or which sells plants or runs a nursery. Quarantining the major chattels assets such as trucks, earthmovers, tractors etc. May not only have asset protection advantages but also allows a more flexible base for use.

Chattels leases are also often used as part of asset protection planning and you should consult your lawyer and/or accountant to discuss how to use a chattels lease in your particular circumstances and what steps you should put in place.

There may also be important tax implications relating not only to income revenue but to capital gains, and therefore having chattels leases in place may be relevant for your exit/retirement strategy. For example, you may wish to keep the company which owns all the equipment and continue to lease that equipment to the business/es you have sold to give you passive income in your retirement.

Agreements for the Leasing of Chattels or the Rental of Equipment may also be referred to as: commercial equipment lease, equipment lease agreement form, equipment lease agreements, equipment lease contract, equipment lease contracts, equipment lease form, equipment lease forms, equipment rental contract, Lease of Equipment Agreement.

Customer comments for this document:

  1. Fast efficient service. Thanks for making this document available. Adam - Adam Innes

  2. I found the document very useful. The document did not adequately address circumstances where the chattels are damaged. Easily rectified by addition of an extra clause. - John Petrov

 
LawLive ®
LawLive ®
LawLive ®