Cure Rig Lease Agreement
Often times, a construction business will opt to lease construction equipment rather than purchase the equipment or rent it short term.
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This is often part of a business plan to minimize the expense of maintaining the fleet of equipment from wear and tear over time. The short term renting of equipment is not a great long term solution, and purchasing equipment often means means cost obligations that can impact a business' balance sheet or cash flow. The Cure Rig Lease Agreement app outlines the terms of the lease between the lessor and lessee. The app includes information such as overall cost, the amount the business will need to pay monthly, taxes, what will happen if there is loss or damage to the property, termination of the agreement, and insurance. The lessor and lessee will need to ensure all applicable laws are addressed as it relates to the lease of the equipment. The app is can be easily customized so that specific terms the lessor or lessee requires can be incorporated such as delaying monthly payments, offering equipment financing terms or financing options after the lease term, establishing insurance requirements, and much more.
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