Bulldozer Lease Agreement
Construction equipment, such as a bulldozer, is expensive to purchase and gets put through some tough use.
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By leasing a bulldozer, a builder or contractor will have unlimited access to the heavy equipment if they need the equipment for an extended period of time, but they will have the benefit of lower leasing rates when compared to the capital expenditure of buying a bulldozer, as well as maintenance and service access. Leasing heavy equipment such as a bulldozer will require a signed agreement outlining lease terms. Both parties will need to agree on areas such length of the lease, financing, monthly payments and the frequency of payments, a late charge fee, security deposit, and other contract details. The contractor should also talk to their tax adviser about the tax saving with leasing the equipment as supposed to renting or purchasing it.
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