Plant and equipment leases

Whether you are an organisation or an individual, you can use this agreement to lease a car or any other vehicle to a business.

The vehicle could be of any size or type, for example: a delivery scooter, a motorbike, a small car, a flatbed lorry, or a forklift truck.

The term of the lease can be as short or long as you like, from days to years. We suggest a short period so that the contract can be renewed and terms (such as the rental amount) can be updated.

This document is not suitable to use if your business is leasing cars and vehicles to consumers, regulated by Consumer Credit Act 1974 amended to date.

Examples of use might be:

• a company owner who leases his personally owned car to his company
• a company with an unused delivery van who leases it to another business
• short term holiday car rental (this industry is not regulated)
• a supporter of a charity or not-for-profit organisation who leases its minibus to the organisation
• within a group of companies to move profit around the group for any reason

Use this agreement for leasing heavy plant and machinery to another business.

It is a comprehensive, flexible document suitable for any type of machine or construction plant, whether used in industrial use, such as a water jet cutter or bending machine, or whether used in the construction industry, such as a crane or excavator.

Important to this agreement is that the plant can be moved and will be stored under the control of the lessee.

The document includes an optional provision to allow your lessee to purchase the machine after a certain time.

Use this agreement to lease small plant and machinery to another business.

Equipment leased might be:

• office equipment, such as furniture or air conditioning units
• IT equipment such as computers, telephones and other electronic devices
• construction and landscaping equipment, such as tools, mowers, strimmers and chainsaws
• light industrial equipment, such as sewing machines or finishing tools

The document can be used for both short and long term leases.

We include the option for purchase of the equipment after a certain time, i.e. you can edit it to be a finance lease or an operating lease.