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1. Parties: Identification and details of the lessor and lessee
2. Background: Context and purpose of the lease agreement
3. Definitions: Key terms used throughout the agreement including references to relevant legislation
4. Equipment Description: Detailed description of leased equipment including specifications and condition
5. Lease Term: Duration of the lease, commencement date, and renewal terms
6. Payment Terms: Rental amounts, payment schedule, payment method, and late payment consequences
7. Maintenance and Repairs: Responsibilities for equipment maintenance, repairs, and associated costs
8. Insurance: Insurance requirements, coverage types, and responsibilities
9. Termination: Conditions and process for early termination, default, and lease end
1. Purchase Option: Terms and conditions for purchasing equipment at end of lease period
2. Assignment and Subletting: Rights and restrictions regarding assignment or subletting of the lease
3. Tax Provisions: Specific tax treatment, obligations, and allocation of tax benefits
4. Force Majeure: Provisions for unforeseen circumstances affecting lease performance
1. Schedule 1 - Equipment Schedule: Detailed specification and identification of leased equipment
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment amounts, dates, and calculation methods
3. Schedule 3 - Maintenance Schedule: Detailed maintenance requirements, intervals, and procedures
4. Schedule 4 - Insurance Requirements: Specific insurance coverage requirements and minimum amounts
5. Schedule 5 - Return Conditions: Detailed requirements for equipment condition upon return
Asset
Business Day
Commencement Date
Default
Default Rate
Equipment
Event of Default
Fair Market Value
Finance Charges
Initial Term
Insurance Requirements
Lease Payments
Lease Period
Lease Term
Lessee
Lessor
Loss
Maintenance Requirements
Option to Purchase
Payment Date
Permitted Use
Purchase Option Price
Renewal Period
Rental Payment
Security Deposit
Supplier
Tax
Term
Termination Date
Total Loss
VAT
Guarantor
Guarantee
Interest Rate
Maintenance Schedule
Operating Manual
Permitted Location
Purchase Price
Residual Value
Service Provider
Specification
Sub-Lease
Upgrade
Lease Payments
Delivery and Acceptance
Title and Ownership
Use of Equipment
Maintenance and Repairs
Insurance
Risk of Loss
Taxes and Duties
Representations and Warranties
Events of Default
Remedies
Termination
Return of Equipment
Indemnification
Assignment and Sub-letting
Notices
Quiet Enjoyment
Force Majeure
Governing Law
Jurisdiction
Entire Agreement
Severability
Waiver
Amendments
Purchase Option
Renewal Option
Early Termination
Equipment Upgrade
Variable Rate Provisions
Security Interest
Guarantee
Set-off Rights
Step-in Rights
Asset Substitution
Anti-Money Laundering
Data Protection
Financial Services Compliance
Environmental Compliance
Tax Representations
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