This is an agreement between a company that leases out computers and a consumer
who wants to lease a computer for a period of time. This agreement can be customized
by the user to fit the specific needs of the parties. Customizable clauses include the
type of computer, the term of the lease, termination, and the rate charged. “Schedule A”
of the agreement details the computer and equipment specifications to ensure
recordation of the computers and equipment that are being leased. This agreement
should be used by small businesses or other entities that lease computers for a period
COMPUTER LEASE AGREEMENT
THIS COMPUTER LEASE AGREEMENT (hereinafter the “Lease”), made this
______ day of _________________, _____, by and between __________________ [LESSOR’S
NAME](the “Lessor”) and _______________ [LESSEE’S NAME](the “Lessee”).
WHEREAS, the Lessee is desirous to lease from the Lessor a computer system and
related accessories and attachments more particularly described on Schedule “A” annexed hereto
(hereinafter the “Computer and Equipment”);
AND WHEREAS, the Lessor is desirous to lease to the Lessee the computer system
and related accessories and attachments described on Schedule “A” annexed hereto, pursuant to
the terms and conditions contained herein.
NOW THEREFORE in consideration of the mutual promises and agreements contained
in this agreement, and other good and valuable consideration, the parties agree as
1.01 The Lessor hereby agrees to lease to the Lessee the Computer and Equipment more
particularly described on Schedule “A” annexed hereto.
1.02 The Lessor and the Lessee hereby agree that the terms and conditions of this Lease s shall
be in effect until the Computer and Equipment are delivered to the Lessee by the Lessor.
2.01 The term of this Lease shall commence on the _____ day of ____________, _____ and
shall continue for a period of _________________ [AMOUNT IN WORDS] (___
[AMOUNT IN NUMERALS]) months (the “Term”) ending on the ____ day of
____________, _____ (hereinafter the “Termination Date”).
2.02 Prior to the Termination Date, the Lessee may extend the Term of this Lease for an
Additional _________________ [AMOUNT IN WORDS] (___ [AMOUNT IN
NUMERALS])-month period, upon the Lessee providing _________________
[AMOUNT IN WORDS] (___ [AMOUNT IN NUMERALS]) advance days’ written
notice to the Lessor of the Lessee’s desire to extend the Term.
2.03 In the event the Lessee does not extend the Term of this Lease, the Lessee shall return to
the Lessor at the Lessor’s principal place of business, the Computer and Equipment. The
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Computer and Equipment shall be returned to the Lessor in good working order and state
2.04 In the event the Lessor or the Lessee wish to terminate this Lease for any reason
whatsoever prior to the Termination Date, the party wishing to terminate this Lease shall
provide _________________ [AMOUNT IN WORDS] (___ [AMOUNT IN
NUMERALS]) days’ advance written notice to the other party.
2.05 The Lessor and the Lessee hereby agree that termination of this Lease shall occur
automatically under the following any of the following circumstances:
(i) the Lessee fails to pay the Fees to the Lessor; or
(ii) the Lessee breaches any of the material terms and conditions of this Lease.
3.00 CARE OF COMPUTER AND EQUIPMENT
3.01 The Lessee hereby agrees that it shall exercise all due and reasonable care in the
operation and handling of the Computer and Equipment and further agrees that it shall
service the Computer and Equipment at regular intervals.
3.02 The Lessee acknowledges that use of the Computer and Equipment by the Lessee will
encounter reasonable wear and tear and depreciation in the value of the Computer and
3.03 The Lessee agrees that it shall be solely responsible and liable for any damage or repairs
to be done to the Computer and Equipment which are not deemed reasonable wear and
tear by the Lessor. The Lessee hereby further agrees that the Lessor will not accept any
costs of damages or repairs to the Computer and Equipment where:
(i) the Lessee is neglige