Compact Excavator Lease Agreement
A compact excavator is a versatile piece of construction equipment that can be used for digging, excavation or demolition on a construction site.
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Due to their smaller size, this construction equipment is typically used for smaller or medium-sized construction projects. Contractors may wish to lease this equipment as opposed to purchasing it due to the cost, frequency of usage, and long term maintenance costs. Leased equipment means that the contractor will not own the equipment outright, but rather will return it at the end of the lease term. The Compact Excavator Lease Agreement will outline the terms of the lease between the lessor and lessee. The app will outline the monthly payments for the heavy equipment, financing details, upfront costs, insurance information, and other contract terms.
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