Question 1

What does a custom Equipment/Movables Lease Agreement include?

Accepted Answer

Your custom Equipment/Movables Lease Agreement will include:

• Equipment description and permitted use/location
• Lease term and renewal/end-of-term options
• Rent, deposits, and invoicing schedules
• Delivery, installation, and acceptance procedures
• Maintenance and repair responsibilities
• Insurance and risk of loss allocation
• Title retention (no transfer of ownership)
• PPSA registrations where appropriate
• Default and termination remedies
• Return condition requirements
• Optional purchase options if requested

Each section is tailored specifically to your equipment and business requirements.

Question 2

What is the delivery timeline and process?

Accepted Answer

Standard delivery is within 3 business days of receiving your completed questionnaire. Express delivery (1 business day) is available for an additional fee.

The process:
1. After checkout, we email you a detailed questionnaire
2. A licensed Canadian lawyer drafts your agreement
3. You receive the draft for review
4. One round of amendments is included
5. Final agreement delivered in editable format

Question 3

Who drafts the Equipment/Movables Lease Agreement?

Accepted Answer

Your agreement is drafted by licensed Canadian lawyers with experience in commercial leasing, equipment financing, and secured transactions. Our team understands Canadian provincial and federal requirements, including Personal Property Security Act (PPSA) considerations, to ensure your lease is enforceable and protects your interests.

Question 4

What information do I need to provide?

Accepted Answer

After checkout, we'll send a detailed questionnaire covering:

• Equipment description (type, make, model, serial numbers)
• Permitted use and location restrictions
• Lease term and renewal options
• Rent amount, deposits, and payment schedule
• Delivery, installation, and acceptance criteria
• Maintenance and repair responsibilities
• Insurance requirements and minimums
• Risk of loss allocation
• End-of-term options (return, purchase, extend)
• Any special conditions or requirements

The questionnaire is designed to gather all necessary details efficiently.

Question 5

How many revisions are included?

Accepted Answer

One round of amendments is included in the base price. This allows you to request changes, clarifications, or additions after reviewing the initial draft. If you need additional rounds of revisions, we can arrange that for an additional fee. Our goal is to deliver an agreement that meets your needs the first time.

Question 6

Can I speak with the lawyer drafting my agreement?

Accepted Answer

Yes! A 20-minute consultation with the drafting lawyer is included at no extra cost. This is helpful if you'd like to discuss your agreement in detail, have complex scenarios, or specific questions about implementation.

You can book a consultation any time during or after the drafting process.

Question 7

What makes this different from a template?

Accepted Answer

Templates require you to fill in blanks and hope you've covered everything correctly. Our custom agreements are:

• Drafted by a lawyer specifically for your situation
• Tailored to your equipment type and business model
• Reviewed for completeness and enforceability
• Written in plain language while remaining legally sound
• Adaptable to your specific risk allocation preferences
• Compliant with current Canadian law and PPSA requirements

You receive a professional, custom-drafted agreement, not a generic form.

Question 8

Does the agreement cover insurance and risk of loss?

Accepted Answer

Yes. The agreement includes comprehensive provisions for:

• Insurance requirements (types, minimums, additional insured)
• Risk of loss allocation (damage, destruction, theft)
• Maintenance and repair obligations (routine vs. major)
• Responsibility during delivery and installation
• Fair wear and tear standards
• Return condition requirements

We can customize these provisions based on your equipment value, industry standards, and risk tolerance.

Question 9

Is this compliant with Canadian law?

Accepted Answer

Yes. Your agreement will comply with relevant federal and provincial Canadian laws, including:

• Provincial Personal Property Security Act (PPSA) requirements
• Consumer protection legislation (if applicable)
• Provincial tenancy and leasing regulations
• Federal tax considerations for equipment leasing
• Industry-specific regulations (if applicable)

We ensure your lease is enforceable across Canadian jurisdictions and protects your legal interests.

Question 10

Can the agreement be amended in the future?

Accepted Answer

Yes. Once you receive your agreement, you own it and can modify it as needed. If you require professional assistance with future amendments, we offer amendment services where a lawyer can draft changes, extensions, or updates to your existing agreement. This ensures any modifications remain legally sound and consistent with the original terms.

Question 11

Does this include PPSA registration guidance?

Accepted Answer

Yes. Where appropriate for your equipment lease, we include provisions supporting Personal Property Security Act (PPSA) registrations. The agreement will specify the lessor's security interest and provide language supporting registration. We can also provide guidance on the registration process itself, though actual PPSA filings are typically handled separately through provincial registries.

Question 12

What happens after I receive the agreement?

Accepted Answer

After receiving your finalized agreement:

1. Review it thoroughly with all parties
2. Make any necessary PPSA registrations (if applicable)
3. Execute the agreement (signatures, dates)
4. Deliver or install equipment per the terms
5. Maintain records and insurance as required
6. Follow rent payment schedules and notice periods

The agreement includes clear instructions for execution and implementation. If you need additional support, you can book your included consultation.

Custom Equipment / Movables
Lease Agreement

How it works

Form & Checkout

We Draft

Review & Finalize

Why This Equipment/Movables Lease Works

Defined Use & Location

Insurance & Risk of Loss

Rent & Term

Maintenance & Repairs

Plain‑English

Amendments & Support

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FAQs

Custom Equipment / MovablesLease Agreement