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Accommodation · NAICS 721 · Equipment Lease Agreement
This Equipment Lease Agreement is tailored for the accommodation industry, covering hotels, motels, resorts, and bed-and-breakfasts. Whether you need to lease commercial kitchen equipment, laundry machines, HVAC systems, or housekeeping equipment, this agreement protects your business by clearly defining terms, maintenance responsibilities, and liability. It addresses industry-specific concerns such as guest safety, health code compliance, and uninterrupted operations. Customize it to fit your equipment and property, and ensure you have a solid legal foundation for your leasing arrangement.
This agreement is flexible and can be used for any equipment your accommodation business needs, from kitchen and laundry equipment to HVAC and housekeeping tools. Just describe the equipment clearly, including make, model, and serial number.
You can specify whether the lessor or lessee handles routine maintenance. In the hotel industry, it's common to require the lessee to perform routine upkeep to avoid downtime, while the lessor handles major repairs. This agreement lets you allocate responsibilities clearly.
Yes, it includes a clause requiring the lessee to maintain insurance covering the equipment and to name the lessor as an additional insured. This protects both parties in case of damage or liability claims.
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