Question 1

What does a custom Equipment/Movables Lease Agreement include?

Accepted Answer

Your custom equipment lease will include:

• Equipment description and specification
• Delivery, acceptance, and condition documentation
• Lease term, renewal options, and notice periods
• Rent schedule, deposits, and payment terms
• Maintenance and repair responsibilities
• Risk allocation and insurance requirements
• Permitted use, location, and operational restrictions
• Default provisions and remedies
• Return/collection procedures and end-of-term options

Each section is tailored specifically to your equipment type, lease duration, and business requirements.

Question 2

How quickly will I receive my equipment lease agreement?

Accepted Answer

Standard delivery is 3 business days from the time you complete our questionnaire. Express delivery (1 business day) is available for an additional fee.

After checkout, we'll email you a detailed questionnaire to gather information about the equipment, your preferred lease terms, maintenance expectations, and any specific restrictions or requirements.

Question 3

Who drafts the equipment lease agreement?

Accepted Answer

Your agreement is drafted by a licensed UK solicitor with experience in commercial leasing and equipment finance. Our solicitors understand the practical and legal requirements for equipment leases, including risk allocation, maintenance obligations, and recovery procedures.

Every agreement is reviewed for compliance with UK law and drafted to protect both lessor and lessee interests.

Question 4

What information do you need from me?

Accepted Answer

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

• Equipment description (type, model, serial numbers, condition)
• Lease term and renewal options
• Rent amount, payment frequency, and deposit requirements
• Delivery location and acceptance criteria
• Maintenance and repair allocation
• Insurance requirements and minimum coverage
• Permitted use, location restrictions, and operating conditions
• Security interest and title retention
• Default scenarios and remedies

The questionnaire takes approximately 15-20 minutes to complete and can be saved and returned to if needed.

Question 5

Do you cover insurance and risk allocation?

Accepted Answer

Yes. Your equipment lease will clearly allocate risk between lessor and lessee, including:

• Minimum insurance requirements and coverage levels
• Loss, damage, and destruction provisions
• Responsibility during transit and storage
• Third-party liability and indemnification
• Obligation to maintain and repair
• Consequences of uninsured loss

We ensure both parties understand their obligations and the equipment is adequately protected throughout the lease term.

Question 6

How many revisions are included?

Accepted Answer

We include two rounds of revisions to ensure the equipment lease meets your exact requirements. Additional revisions can be purchased if needed.

Revisions can include changes to rental terms, maintenance allocation, permitted use restrictions, insurance requirements, or any other substantive terms. Minor clarifications and formatting updates are handled without counting toward your revision limit.

Question 7

Can I speak with the solicitor who drafts my agreement?

Accepted Answer

Yes. A 30-minute consultation with your drafting solicitor is available as an add-on service. During this consultation, you can:

• Discuss specific equipment risks and operational considerations
• Review complex clauses such as default remedies or return conditions
• Ask about enforcement and dispute resolution
• Understand your obligations under the lease

Consultations can be scheduled once your first draft is ready for review.

Question 8

What makes this different from an online template?

Accepted Answer

Templates provide generic language that rarely fits your specific equipment type, lease structure, or risk tolerance. Our custom drafting includes:

• Equipment-specific provisions (e.g., specialized maintenance for medical or industrial equipment)
• Tailored risk allocation based on equipment value and condition
• Custom insurance and security requirements
• Practical default and recovery procedures
• Clear permitted use restrictions and operational guidelines
• Compliance with UK consumer and commercial leasing regulations

You receive a professionally drafted agreement that protects your interests, not a fill-in-the-blank form.

Question 9

Do you cover maintenance and repair obligations?

Accepted Answer

Yes. Your equipment lease will clearly define:

• Routine maintenance responsibilities (lessor vs. lessee)
• Major repair allocation and cost thresholds
• Standards of care and operational guidelines
• Access for inspection and servicing
• Consequences of negligence or misuse
• Documentation and reporting requirements

We ensure maintenance obligations are practical, enforceable, and appropriate for your equipment type and lease term.

Question 10

Can I include a purchase option or early termination clause?

Accepted Answer

Absolutely. We can include:

• End-of-term purchase options with predetermined pricing
• Fair market value purchase rights
• Early termination rights with notice periods and fees
• Upgrade or exchange provisions
• Renewal terms and rent adjustments

Your agreement will reflect your commercial objectives while maintaining legal certainty for both parties.

Question 11

Is the agreement compliant with UK law?

Accepted Answer

Yes. Your equipment lease is drafted in full compliance with:

• Supply of Goods and Services Act 1982
• Consumer Rights Act 2015 (where applicable)
• Late Payment of Commercial Debts (Interest) Act 1998
• Insolvency Act 1986 (security interest and title retention)
• Common law principles of bailment and hire

We ensure your lease is legally sound and enforceable in UK courts, with appropriate jurisdiction and governing law clauses.

Question 12

What if I need to make changes after delivery?

Accepted Answer

If you need amendments after final delivery, we offer post-delivery amendment services. Depending on the scope of changes, we can provide:

• Minor amendments (e.g., updated contact details, payment terms)
• Material changes (e.g., revised rent schedule, additional equipment)
• Full redrafting for significantly changed circumstances

We'll provide a quote based on the complexity of the requested changes and can often turn around amendments within 1-2 business days.

Question 13

What happens after I receive the final agreement?

Accepted Answer

Once you approve the final draft, you'll receive:

• A clean, execution-ready PDF and editable Word document
• Signature block guidance and execution instructions
• Recommended practices for documenting equipment delivery and acceptance
• Storage and record-keeping recommendations

The agreement is ready to sign and use immediately. We recommend both parties retain signed copies and document the equipment condition at handover.

Custom Equipment / Movables
Lease Agreement

How it works

Form & Checkout

We Draft

Review & Finalize

Why This Equipment Lease Works

Equipment & Condition

Rent & Deposits

Risk & Insurance

Maintenance & Repairs

Permitted Use & Restrictions

Default & Remedies

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Custom Equipment / MovablesLease Agreement