A simple example, renting a bottle would be a dry lease as long as it is an empty bottle. A crewed lease would be the full bottle of wine. For me, this is a very simple and fundamental example. It is important to include it in the lease so that the tenant understands that you can use the security deposit in case he damages the equipment or does not return it in time. Here you can compensate the deposit with any damage caused by the tenant. For example, if you have an excavator, you can rent it either as a standalone product (excavators only) or as a plus-service product (excavator and operator). In the first case, use a dry lease. In the second, you use a crewed lease. A dry lease is therefore the right to rent the item or machine, and a crew lease is the right to rent the machinery and the services that accompany it.

Dry leases set out the conditions for leasing equipment without an operator. The company that rents the equipment does not provide professionals for the operation of the equipment. Instead, the company renting the equipment must look for third parties who are competent enough to operate the equipment. You don`t have time to use the shovel, but you want to avoid risk and liability as much as possible when you rent it to someone else. For example, you must indicate if the tenant must pick up the equipment from you or if you will deliver it. Choosing the type of rental that suits you depends on whether you just want to rent your equipment or if you also want to include your services. Another example — maybe you want to offer your audiovisual (AV) equipment at rental events. Your next step is to record it in writing as a legally binding agreement. Wet rents are safer because you don`t risk someone else using your expensive equipment and causing accidents. If so, you probably think you need a standard rental agreement.

We recently discussed the basics of leases here. Because if you rent the shovel, it`s the responsibility to find someone else to serve it. Many companies rent equipment to third parties to use or operate themselves. This is called the Dry Hire Agreement. This is in contrast to a rental agreement with water, in which you supply an operator with the goods. As mentioned earlier, you can ask yourself the following questions when deciding what type of lease you need: For some companies, it would be rare to provide the equipment to an operator, e.B. when renting marquees for events. On the other hand, it is common for companies that rent machines such as forklifts or excavators to provide an operator. You should include a provision in your agreement that determines how the equipment comes into the tenant`s possession. Consider these examples. You have audiovisual equipment that you want to rent from an event company.

This equipment must remain in a quality condition to fulfill its purpose. If you rent it to a company that then seeks a third party to manage and operate it, you cannot guarantee that this person will do so carefully and efficiently. However, if you use a crewed lease, you can be sure that your equipment will be managed by your own qualified staff. To find out what type of rental is right for you, you need to ask yourself the following question: for example, companies that rent their audiovisual equipment for events are usually responsible for the operation during the event. .