A rental agreement differs from a lease agreement in that it is not a long-term contract and usually occurs on a month-to-month basis. This month-to-month lease agreement expires and then renews each month upon agreement of the parties involved. Grain bins are not exclusively included in this lease. But you can add a separate lease for use of your grain bins. If the tenant chooses to lease your bins or bring in other equipment, make sure the utilities to maintain the equipment is considered. A contract in which two or more co-owners of the operating rights in a tract of land join together to share costs of exploration and possible development. PandaTip: If this is an internal budget for a department or other expense, your manager may want a 12 month budget based on the company fiscal year. Equipment lease contracts help to permit people can operate the equipment with owner permission. However, without the use of the template people cannot allow operating the equipment easily.