Straddle Carrier Lease Agreement

Form Template

Leasing heavy equipment is often a common practice for a construction company and may benefit the business in the long term.

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Purchasing the equipment can be expensive and long term service and maintenance of the heavy equipment can be cost-prohibitive, and storing large heavy equipment may not be feasible. Short-term renting may also not be ideal given the availability and long term use of the equipment. The Straddle Carrier Lease Agreement app should be used when a lessor and lessee have agreed to lease terms. The app outlines details of a lease agreement including the payment plan, insurance, lease period, escrow fund and other contact terms like service and maintenance expectations. Straddle carriers are often found as fixtures in marine terminals and other major shipping depots, but on a construction site when large freight is being shipped in that requires a straddle carrier to easily load and unload equipment, leasing may be the best option.

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