Ohio Equipment Lease Agreement

Lease equipment to customers with this easy-to-use Equipment Lease Agreement for the State of Ohio.

The lessee has an option to renew the lease, but the lease becomes a month-to-month rental contract if the lessee fails to renew when the initial term expires.
The lease transaction is meant to qualify as a casual sale for State sales tax exemption, but if it does not qualify, the lessee is responsible for paying any tax payable.
if the equipment does not operate properly, any claims by the lessee must be against the vendor of the equipment and not the lessor.
The lessee bears the full risk of loss, damage or destruction of the equipment.
The file includes a State of Ohio Sales and Use Tax Unit Exemption Certificate.

This Ohio Equipment Lease Agreement template is available in MS Word format and is fully customizable.