About these documents:
These are all-inclusive agreements to lease any type of plant or machinery, from a sugar mill to an alarm clock. As with most Net Lawman documents, they protect the interests of the lessor more so than the lessee. We suggest you not use these documents for a lease to a "consumer" purely because they do not cover the enormous amount of consumer protection law.
These documents have been drafted for all eventualities. You simply pick from the documents, then further pick the most appropriate clauses within the documents - that way, you have less to edit and less worry.
Who will use these documents?
any individual or company wanting to give or take on lease any equipment, machinery, vehicle of any sort or a big industrial construction plant for a fixed or extendable period;
Key features
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suitable for any trade, industry or business;
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contains alternative provisions in simple English;
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documents you can understand
These documents include provisions for:
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details of lease rentals and subject matter of lease;
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testing and checking of subject matter by the lessee-conditions of acceptance;
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prohibition on selling and subletting;
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termination, premature termination and its consequences;
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optional provision for deposit by the lessee of additional security in cash or goods;
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detailed repair and maintenance provisions;
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covers essential matters such as insurance: lessee insures in name of the lessor;
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provision for purchase of subject matter by the lessee during the period of lease;
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option to extend lease term;
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intellectual property protection (only in NZ-COM425);
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itemised prohibited activities;
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other provisions to protect your interests.
