Equipment Lease Assignment (Australia)
This Equipment Lease Assignment is used by a party when assigning all rights and responsibilities under an equipment lease to another. The parties should carefully review the master equipment lease as the owner of the equipment may be required to consent to any lease assignment.
This Assignment of Equipment Lease is used when a party leasing equipment (the “assignor”) assigns the rights and responsibilities under that equipment lease to another (the “assignee”). There are many reasons why an equipment lease may be assigned including a change of circumstances or other financial concerns by the original lessee. The original Equipment Lease may contain a provision that the equipment owner must consent to any assignment; therefore, it is important that the master lease be consulted and the owner’s consent be obtained if required. This type of business transaction should always be clearly set forth in writing. A written Assignment of Equipment Lease will be valuable in the event of disagreements or misunderstandings between the parties.
This Assignment of Equipment Lease for use in Australia contains the following provisions:
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This Assignment of Equipment Lease for use in Australia contains the following provisions:
- Parties: Identifies the assignor/lessee (the person originally leasing the equipment), the assignee (the person to whom the lease is being assigned) and the owner of the equipment;
- Equipment: Sets out a detailed description of the equipment leased from the owner and being assigned;
- Assignment: Sets forth that all of assignee’s rights, interests and obligations under the equipment lease are assigned to the assignee;
- Security Deposit: Sets out the amount of any security deposit assignee will pay and if assignor transfers all rights in any security deposit previously paid to the assignee;
- Assignor’s Representations: Assignor warrants that the master lease is in full force and effect and is fully assignable with owner’s consent (if required);
- Additional Terms and Conditions: Sets out any other terms and conditions which become a part of this equipment lease assignment;
- Signatures: Both assignor and assignee must sign this document;
- Owner’s Consent: Specifically sets out if the equipment owner’s consent is required and if so, the owner’s consent to the assignment of the equipment lease.
Protect Yourself, Your Rights and Your Property with these professionally-prepared and easy to use forms.
This lawyer-prepared package includes:
- Instructions and Checklist
- General Information
- Assignment of Equipment Lease for use in Australia
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages7
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#43406
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.