An equipment sublease contract is an agreement by which a lessee subleases equipment to a sublessee. It is similar to an equipment lease contract which is originally signed between a lessor and a lessee. Many companies require expensive and heavy equipment for various kinds of work like construction of buildings and roads; instead of buying the equipment for a particular contract, they lease or sublease equipment.
Sample Equipment Sublease Contract:
This equipment sublease contract is entered on May 21, 2011 by and between the following parties:
Name: Daniel Giles
Address: 291 Treeville, California
Phone number: 3108472644
Name: Harry Jones
Address: 31 West Koenig, California
Phone number: 3108395768
TERM OF CONTRACT
The lessee Daniel Giles had entered into an equipment lease agreement with lessor John Norman on July 3, 2010. The lessee hereby agrees to sublease the equipment leased to him by the lessor to a sublessee Harry Jones, whereby the equipment and all its parts belong to the sublessee for a duration of 6 months, commencing from May 21, 2011 to November 21, 2011.
The sublessee is responsible for maintaining the condition of the equipment and agrees to return the equipment to the lessee in good condition once the contract ends.
The sublessee shall pay $2,000 per month to the lessee for using the equipment.
The lessee shall have the right to inspect the equipment as and when he feels is necessary during the duration of the contract
The undersigned hereby agree to the terms of the contract.
Signature: Daniel Giles
Signature: Harry Jones