About Our Lease

Each lease agreement includes the following:

  • The name of the business and any other names under which the business operates.
  • The business address and telephone number.
  • The number of years the business has been in operation.
  • A description of the equipment being leased
  • Details of the lease terms including the monthly lease payment obligations, personal guarantor information, including name, address, home telephone number, and social security number.
  • Signature blocks for the lessee and personal guarantor.

Lessees are encouraged to read all four pages of the non-cancelable lease before signing.

By signing the Lease Agreement, customers

  • Ensure all sections of the lease are filled out accurately and legibly. This enables Northern Leasing to provide accurate and prompt lease funding.
  • Assume responsibility for reading and understanding the Lease Agreement and its terms and conditions.
  • Agree to be bound by the terms and conditions of the lease.
  • Personally guarantee the lease.
  • Agree that amounts due under the Lease Agreement will be debited from a business checking account via automated clearing house.
  • Agree to either obtain business insurance for the leased equipment or purchase Northern Leasing’s Loss and Damage Waiver.

Once the equipment has been delivered and installed, customers may receive a verification call at the business telephone number to review the basic contract terms and equipment installation.

Lessees may also receive a quality assurance call from Northern Leasing.

Finally, all customers receive a Welcome Letter with a copy of the executed lease from Northern Leasing.