# Equipment Lease

**IRI:** https://folio.openlegalstandard.org/RGwPYMOUrxlxZFIvTL3mxC

## Labels

## Definition

An equipment lease is a contractual agreement in which one party (the lessor) grants another party (the lessee) the right to use and possess specific equipment for a predetermined period in exchange for periodic rental payments. These agreements often include terms related to maintenance, insurance, and the lessee's responsibilities during the lease term.

## Sub Class Of

- https://folio.openlegalstandard.org/R8RfDzMtuMPdmNTonmhBxu
- https://folio.openlegalstandard.org/RfXf27g03XAZTOicP782mW

**Deprecated:** False