Equipment Lease Termination Letter
Master Manufacturing Company Ltd,
#2, Alton, Hampshire,
Date : 01st June 2012
Subject : Termination of equipment lease agreement
We are hereby writing this letter to terminate the equipment lease agreement entered into with your company dated 01st May 2009. As part of the agreement one of the terms says that we can terminate the equipment lease anytime at our will after a lapse of two years period.
We had given the equipment to your company on lease due to the lock out of our manufacturing unit. But now we have sorted out all the problems in our factory and want to start to start our own production at the earliest.
We are giving you time till this month end and want the equipment back on the last working day of this month which will be one month notice from our side. Also as per the terms of the equipment lease agreement you have to bear the cost for transporting the equipment to our factory. If there is any maintenance or repairs to be done for the equipment please ensure to complete it before transporting the equipment.
We hope you will adhere to the terms of the equipment lease agreement and do the needful at the earliest.
Posted in Termination Letters