Tip: rent out goods that are not being used

You can rent out goods that you do not use all year round to monetize them without selling them — but protect your investment with a proper lease agreement for movable property. In it, you specify the rent, duration, maintenance, liability, and the consequences of damage or non-payment. Below, you can read what such an agreement is and what it should contain.

What is a lease agreement for movable property?

A lease agreement for movable property sets out the terms for the rental of movable objects that you own, such as machines, tools, forklifts, storage containers, or even your entire inventory. This agreement is not suitable for renting immovable property, such as a warehouse — different rules apply in that case.

Why a good rental agreement is important

A clear agreement protects both landlord and tenant. It sets out:

• the rental price and the rental period;
• the responsibilities for maintenance and repair;
• the insurance requirements;
• the consequences of non-compliance.

This way, you prevent misunderstandings and disputes with the tenant, and everyone knows where they stand.

What should be included in the rental agreement?

A good agreement contains at least:

• a detailed description of the rented goods, ideally with photos, so that there is no dispute regarding the condition at the start;
• the duration of the rental period and the possibilities for extension or early termination;
• the rental price, the payment terms and the consequences of late payment;
• possibly a security deposit.

Up to this point, most companies do well. However, many forget to make good agreements regarding:

• liability and insurance;
• the consequences of damage, the assessment thereof and the repair costs;
• the ability to immediately retrieve goods in the event of non-payment or bankruptcy.

Frequently Asked Questions

Can I rent out business assets that I do not use?

Yes. Renting out unused movable goods is a good way to monetize them without selling them. However, make sure to formalize the rental in a proper agreement.

What is the difference compared to a lease agreement for a property?

A lease agreement for movable property concerns objects that can be moved. For immovable property (such as a warehouse), different, often stricter rules apply.

Which agreements are often forgotten?

Especially regarding liability, insurance, the handling of claims, and the possibility to immediately reclaim goods in the event of non-payment or bankruptcy.

Why photos with the description?

Photos document the condition of the goods at the start, so that no disputes arise afterwards regarding damage or wear.

Do you want to have a lease agreement for movable property drawn up?

Drafting a solid agreement can be complex. We create a custom contract that is legally watertight and protects your assets and business. Have you drafted one yourself? Then have it checked before signing.

View our expertise in tenancy law or schedule a no-obligation intake consultation.