Kaagazaat

Plant, Machinery or Equipment Lease

At a glance

Price: Free, always.
Stamp duty: This is a lease of movable goods, not land, so it is not stamped like a lease of immovable property.
Registration: Not required.
Witnesses: Not required.

Free

Free, always.

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Also called

Equipment Lease Agreement
Machinery Lease Agreement
Plant Hire Agreement
Machinery Rental Agreement
Equipment Rental Agreement
Plant and Machinery Lease
Operating Lease of Equipment
Construction Equipment Hire Agreement

When you need it

Use this when one business leases machinery or equipment to another: a loader, crane, generator, press, CNC machine, medical equipment or similar. It is a lease of the machine, not of any premises. It records exactly which machine it is, who operates it, the term and lock-in, the monthly rental, any hour limit and excess charge, the deposit, who services and who insures it, what happens on breakdown or loss, an optional purchase at the end, and return.

The Lessor stays the owner throughout; the Lessee only has the right to use. The Lease says the machine stays movable property even if fixed to the Lessee's land, and that the Lessee must keep it clear of its own creditors. Not for: a bank or finance-company lease or hire-purchase (use the financier's document); leasing premises (a lease deed); or a one-time sale of equipment (a sale agreement). Before signing, record the machine's identification numbers and hour reading on a delivery note, check that the Lessor really owns it free of any loan security, and decide who insures it.

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

This is a lease of movable goods, not land, so it is not stamped like a lease of immovable property. It is a written agreement and may attract stamp duty as an agreement in Punjab or Chandigarh, and a high-value arrangement may be charged differently. Check the current figure with the Collector of Stamps or a licensed stamp vendor before signing.

Registration

Not required. Registration applies to leases of immovable property. A lease of movable equipment is not registered, even for a long term.

Notarisation

Not required. Either party may have its signature notarised for extra evidence.

Witnesses

Not required. Both parties sign and date the Lease, and sign the delivery note separately.

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Sample preview — placeholder answers, not your data

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PLANT, MACHINERY OR EQUIPMENT LEASE

This Plant, Machinery or Equipment Lease (this "Lease") is made at Chandigarh on 2 April 2026.

BETWEEN

Ludhiana Machinery Rentals Private Limited, an individual, of SCO 11, Sector 8-C, Chandigarh 160009, acting through Ravneet Chadha (the "Lessor")

AND

Bedi Infra Works, an individual, of SCO 11, Sector 8-C, Chandigarh 160009, acting through Ravneet Chadha (the "Lessee")

The Lessor and the Lessee are each a "Party" and together the "Parties".

RECITALS

A. The Lessor owns the equipment described below and is in the business of leasing equipment.

B. The Lessee needs the equipment for its business and has agreed to take it on lease for a rental on the terms of this Lease.

NOW THIS LEASE WITNESSES as follows.

1. THE EQUIPMENT

1.1 The Lessor leases to the Lessee, and the Lessee takes on lease, the following equipment: one JCB 3DX backhoe loader, make JCB, model 3DX Plus, chassis no. JCB3DX123456, engine no. EN987654, with a bucket and a breaker attachment, with all its parts, accessories, tools, manuals and documents (the "Equipment"). The Equipment is movable property. It stays movable even if it is bolted or fixed to the ground or a structure for use.

1.2 The Lessor owns the Equipment and keeps ownership throughout. This Lease gives the Lessee only the right to use it during the term. The Lessee shall not sell, pledge, mortgage, lend, sub-lease or otherwise part with the Equipment or let any claim, lien or charge arise on it. If a creditor of the Lessee, or the owner of the land where it stands, tries to seize or claim it, the Lessee shall tell the creditor or owner at once that it belongs to the Lessor and shall inform the Lessor immediately.

1.3 The Lessor may fix and keep on the Equipment a plate or marking showing that it belongs to the Lessor, and the Lessee shall not remove or hide it.

1.4 The Lessor confirms that it owns the Equipment, free of any charge or hire-purchase or loan security that would stop this Lease, or has the lender's consent, and that the Equipment is in good working order and fit for the permitted use on delivery.

2. TERM, DELIVERY AND USE

2.1 The Lease runs for 12 months from 1 April 2026, the date the Equipment is delivered to the Lessee at the Lessee's project site at Sector 66, Mohali, Punjab. On delivery the Parties shall sign a delivery note recording the Equipment's condition, the meter or hour reading, and any marks or defects. The Lessee shall use the Equipment only for excavation and loading at the Lessee's construction project, and shall not move it from the Lessee's project site at Sector 66, Mohali, Punjab without the Lessor's prior written consent.

2.2 For the first 6 months (the "Lock-in") neither Party may end this Lease for convenience. If the Lessee returns the Equipment during the Lock-in, it remains liable for the rental for the rest of the Lock-in. After the Lock-in either Party may end this Lease on 60 days' written notice.

Questions about this document

Does the Plant, Machinery or Equipment Lease need stamp paper or stamp duty in Punjab and Chandigarh?

This is a lease of movable goods, not land, so it is not stamped like a lease of immovable property.

See the full position on stamp duty, registration and witnesses

Does the Plant, Machinery or Equipment Lease need registration in Punjab and Chandigarh?

Not required.

See the full position on stamp duty, registration and witnesses

What does the Plant, Machinery or Equipment Lease cost on Kaagazaat?

Free, always.

Does the Plant, Machinery or Equipment Lease need witnesses?

Not required.

See the full position on stamp duty, registration and witnesses

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