Agricultural Machinery and Equipment Lease Agreement

An Agricultural Machinery and Equipment Lease Agreement is a legal contract between an equipment owner (lessor) and a farmer, cooperative, or agribusiness (lessee), allowing temporary use of machinery such as tractors, harvesters, plows, irrigation systems, or processing tools. It specifies lease duration, rental fees, delivery and return conditions, maintenance responsibilities, liability for damages, insurance, and dispute resolution. This agreement helps reduce upfront costs for farmers while ensuring access to modern technology. From 2022–2024, demand for agricultural machinery leasing in Vietnam increased steadily, particularly among smallholder farmers and cooperatives. Forecasts for 2025–2030 expect 10–12% annual growth, driven by agricultural modernization, mechanization, and the shift toward smart farming. Download the standard Agricultural Machinery and Equipment Lease Agreement template and receive expert consultation with step-by-step drafting guidance via hotline 0977 523 155.