The third option is for the company to award an equipment lease so that it can lease the equipment at a lower price. Leasing equipment is a great way for companies to upgrade without having to spend too much money. An equipment lease agreement is a contract between two parties regarding the use of one type of equipment. The tenant rents the landlord`s equipment for a specified period of time, as stated in the rental agreement. In return, the tenant again grants compensation to the lessor, as indicated in the contract. Subletting can also be considered another type of car rental for vehicles. In the context of a vehicle sublease, a car taker or owner may give a lease to a third party and contract on certain dates. Although this arrangement is not popular, it is a growing trend in the travel industry as a cheaper alternative for travelers and locals. Leasing is also used as a form of financing to acquire equipment for use and purchase.  Many organizations and companies use leasing for the purchase and use of many types of equipment, including manufacturing and mining equipment, ships and containers, construction and field equipment, medical equipment and medical equipment, agricultural equipment, aircraft, rail and rail vehicles, trucks and transportation. commercial equipment, office and retail equipment, computer equipment and software. Any person, business, business or organization may use an aircraft rental contract if they have to rent a device for any reason. Whether you are the landlord or the tenant, here are some steps to follow in the use of this document: the rental agreement can also relate to a periodic lease (usually a monthly lease) internationally and in some parts of the United States.  There will certainly be an obligation to present a driver`s licence and only drivers appearing on the contract will be allowed to drive. There may be an option to purchase car insurance (UK: car insurance) if the tenant does not yet have a policy to cover rents – another important consideration for many drivers.