As an individual or an organization, you may need to lease property and equipment. Many people do this because they do not own a specific type of property or equipment. Some people cannot afford to own it. Others can afford to. But they believe owning such equipment or property can amount to waste as it is only used periodically. The option to lease is sometimes the best option as a business uses such items only on demand.

Definition

A lease is a legal agreement in which a person gets access to a property or equipment for a stipulated duration of time. Usually, a fee is paid for access to these items. This payment can be in installments or a one-off payment. The moment payment is made, the person who leases the equipment or property is free to use it until the time specified in the contract. Below are examples of properties and equipment that can be leased out.

  • A house.
  • A factory.
  • Computer devices.
  • Industrial equipment.

There are many other properties and equipment that can be leased out to people or organizations that want to use them.

Advantages of Property and Equipment Lease

A property and equipment lease has several advantages, which are highlighted below.

  • It is much cheaper to lease than purchase expensive equipment or build a large factory.
  • If an individual wants to get better equipment or property, they can easily cancel the lease and get an upgrade without spending a fortune.
  • An individual does not require pre-payment to get a lease.

Fields and Features of a Property and Equipment Lease

Some of the fields of this type of lease are specified below.

  • The fields for the name and address of the person taking out the lease.
  • The fields for the name and address of the person giving out items for lease.
  • The fields for appending signatures.

The features of this type of lease are:

  • The timeframe for the lease.
  • The prevailing value of the property or equipment being leased.
  • The cost of the lease.
  • The reasons that can lead to the termination of the agreement.

Fill Out Property And Equipment Lease using Integromat

  1. Create a Scenario
  2. Select PDF.co app and Fill a PDF Form Module
  3. Fill a PDF Form Configuration
  4. Test Result of the Scenario
  5. Property and Equipment Lease Form Output

In this tutorial, we will show you how to fill out the Property and Equipment Lease Agreement form using PDF.co and Integromat. Here is the screenshot of the sample form that we will use.

Sample Of Property And Equipment Lease Agreement Form
 Sample Of Property And Equipment Lease Agreement Form

Step 1: Create a Scenario

First, click the Scenario button to create a scenario.

Step 2: Select PDF.co App and Fill a PDF Form Module

Next, select the PDF.co app for the App Event and choose the Fill a PDF Form to fill out a PDF document.

Step 3: Fill a PDF Form Configuration

In this step, let’s set up the Fill a PDF Form module.

  • In the Input File field, enter the Upload a File module to fetch a file in the cloud storage.
  • In the Source File field, select the Google Drive – Download a file.
  • For the Fields to Fill field, enter the Page Index field, the Field or Control Name field, and the Text field. You can click the Get PDF Info tool to get the field name and fill out the fillable name field.

Fill A PDF Form Configuration

You may now click the run button to see the result.

Step 4: Test Result of the Scenario

Great! The scenario was processed correctly. You can copy and paste the URL to view the output.

Step 5: Property and Equipment Lease Form Output

Here is the Property and Equipment Lease Form Output that we successfully filled out.

Property And Equipment Lease Form Output
Property And Equipment Lease Form Output

In this tutorial, you learned how to fill out the Property and Equipment Lease form using PDF.co and Integromat. You also learned how to get the field name using the Get PDF Info tool.