Forklift Lease Agreement
Forklifts are equipment used on construction sites or in warehouses to move materials over short distances.
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They can be used in a wide range of operations. Companies or businesses may decide to lease a forklift, rather than purchase or rent it. There may be tax advantages to leasing versus ownership, and the long term maintenance of the equipment may be cost-prohibitive. For companies concerned about long-term debt on their balance sheet, forklift leasing may be more beneficial to cash flow than a forklift purchase. The Forklift Lease Agreement app should be used by a lessor and lessee to determine the details of the contract. It will include details such as the monthly payments, security deposit, lease period, the lease rate for financing, maintenance, tax, and fees. The app may also include a purchase price in case the lessee would like to purchase the forklift at the end of the lease term.
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