Equipment Lease Assignment (England and Wales)

This Equipment Lease Agreement is for use when a party leasing equipment desires to assign the equipment lease to another party. The parties should review the master Equipment Lease before entering into any assignment as the owner's consent may be necessary. This form is for use in England and Wales.

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This Assignment of Equipment Lease is for use when a party leasing equipment (the “assignor”) assigns the responsibilities and rights under that equipment lease to another party (the “assignee”). There are a variety of reasons why an equipment lease may be assigned including financial concerns or a change in business or personal circumstances. Many Equipment Leases contain a provision that the equipment owner must consent to any assignment; therefore, it is crucial that the master lease be reviewed before any assignment and the owner’s consent be obtained if necessary. An assignment of a lease should always be memorialized in writing. A written Assignment of Equipment Lease will prove invaluable if there are future misunderstandings or disagreements regarding the leased equipment.

This Assignment of Equipment Lease for use in England and Wales includes 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 leased equipment;
  • Equipment: Sets forth a detailed description of the equipment;
  • Assignment: Sets forth that all of assignee’s obligations under the equipment lease are assigned to the assignee;
  • Security Deposit: Sets forth the amount of security deposit assignee will pay to assignor and if the assignor transfers all rights in any previously paid security deposit to the assignee;
  • Assignor’s Representations: Assignor warrants that the master lease is in full force and effect and is assignable with the owner’s consent (if required);
  • Additional Terms and Conditions: Sets out additional terms and conditions which become a part of this equipment lease assignment;
  • Signatures: The assignor and assignee must sign this document;
  • Owner’s Consent: Sets forth if the owner’s consent is required and if so, the owner must sign giving consent to the equipment lease assignment.

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This lawyer-prepared package includes:
  1. Instructions and Checklist
  2. General Information
  3. Assignment of Equipment Lease
Law Compliance: This form complies with the laws of England and Wales
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#43408
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.

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