Jurisdiction(s):
United Kingdom

Equipment Hire Agreements (B2B): Hirer‑Focused Drafting and Negotiation Checklist covering Delivery, Pricing, Termination, Purchase Options, Maintenance, Ownership, Risk, Insurance and Liability

Published by a LexisNexis Commercial expert

Checklists

Scope and purpose

This Checklist outlines the principal points to consider when preparing, assessing or agreeing an equipment hire agreement. Equipment hire agreements are also known as equipment leases, equipment rental, operating leases or finance leases. For simplicity, this Checklist adopts the term equipment hire agreement. It is written from the viewpoint of the hiring customer under the equipment hire agreement. See also the accompanying Precedents: Equipment hire agreement—pro-customer and Equipment hire agreement—pro-supplier. The Checklist highlights matters intended to safeguard the hiring customer’s (or lessee) interests in relation to an equipment hire agreement prepared by the supplier (or lessor) (as is typically the position with equipment hire agreements). Expressions such as ‘lessor’, ‘lessee’, ‘hirer’ and similar can be unclear within these sorts of arrangement. In this Checklist the ‘hiring customer’ or ‘lessee’ is the party taking the equipment on lease, and the ‘supplier’ or ‘lessor’ is the party who provides the equipment and in turn receives a rental fee. This Checklist addresses business-to-business dealings only and does not cover the particular issues that arise under equipment hire agreements for hiring customers who are consumers. It is intended as a practical aid for use in commercial contexts and practice...

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Web page updated on 20/05/2026

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