About these documents:
Comprehensive agreements to lease any type of plant or machinery, from a power station to a fax machine. They have been drafted primarily to protect interest of the lessor. We advise not to use for a lease to a "consumer" purely because they do not cover the enormous amount of consumer protection law.
A number of options are available to you, so that you have less to edit and less worry. Simply choose the one nearest to your situation.
Who will use these documents?
- any individual or company wanting to give or take on lease any equipment,
machinery, vehicle of any sort or a big industrial construction plant for a fixed or
extendable period;
Key features:
- suitable for any trade or business;
- contain alternative provisions in simple English;
- documents you can understand
These documents include provisions for:
- details of lease rentals and subject matter of lease;
- testing and checking of subject matter by the lessee-conditions of acceptance;
- prohibition on selling and subletting;
- termination, premature termination and its consequences;
- optional provision for deposit by the lessee of additional security in cash
or goods;
- detailed repair and maintenance provisions;
- covers essential matters such as insurance: lessee insures in name of the
lessor;
- provision for purchase of subject matter by the lessee during the period of
lease;
- option to extend lease term;
- intellectual property protection (only in AU-COM425);
- itemised prohibited activities;
- other provisions to protect your interests.
