Document background
The Equipment Rental Agreement is a crucial document used when one party (lessor) agrees to rent equipment to another party (lessee) for a specified period. This agreement, governed by Belgian law and particularly the Belgian Civil Code (Articles 1708-1762), establishes clear terms and conditions for the rental relationship. It is essential for protecting both parties' interests by clearly defining responsibilities regarding equipment use, maintenance, payment terms, and liability. The document includes detailed equipment specifications, rental duration, payment schedules, maintenance requirements, insurance obligations, and return conditions. It's particularly important in commercial contexts where significant assets are being rented and helps ensure compliance with Belgian safety regulations and commercial laws.
