New York Equipment Lease Agreement

Rent equipment to a customer with this easy-to-use Equipment Lease Agreement for New York State.

• The lease automatically becomes a month-to-month rental contract when the initial term expires.
• The lessee has an option to purchase the equipment at the end of the lease term.
• The parties intend the lease to be exempt from State sales tax.
• The lessee is responsible for obtaining insurance and paying any taxes due on the equipment and/or the lease.
• The lessee is also responsible for maintenance, upkeep and repairs to the equipment during the lease term.

This New York Equipment Lease Agreement template is available in MS Word format and is fully customizable.