Ballast Tamper Lease Agreement
A ballast tamping machine, or ballast tamper, is used in construction to tamper the ground cover and materials under railroad tracks.
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Construction companies often lease this equipment as it is expensive to purchase and maintenance repair costs can be unreasonably high. The Ballast Tamper Lease Agreement app should be used by a leasing company (the lessor) to outline the terms of the lease with a construction company (the lessee). The app will serve as a master lease agreement and include information on the financial obligations, cost and expense, taxes, insurance and liability terms, termination details, repair and maintenance obligations, and any other information required by law. Both the lessor and lessee must agree to the terms prior to the lease going into effect. The app is easily customized to meet the specific needs of the lessor and the lessee.
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