diff --git a/app/Http/Controllers/Api/AssetsController.php b/app/Http/Controllers/Api/AssetsController.php
index 5f901ef49..79ab6f9fd 100644
--- a/app/Http/Controllers/Api/AssetsController.php
+++ b/app/Http/Controllers/Api/AssetsController.php
@@ -851,7 +851,6 @@ class AssetsController extends Controller
             'asset_tag' => $asset->asset_tag,
         ];
 
-
         // This item is checked out to a location
         if (request('checkout_to_type') == 'location') {
             $target = Location::find(request('assigned_location'));
@@ -878,13 +877,10 @@ class AssetsController extends Controller
             $asset->status_id = $request->get('status_id');
         }
 
-
         if (! isset($target)) {
             return response()->json(Helper::formatStandardApiResponse('error', $error_payload, 'Checkout target for asset '.e($asset->asset_tag).' is invalid - '.$error_payload['target_type'].' does not exist.'));
         }
 
-
-
         $checkout_at = request('checkout_at', date('Y-m-d H:i:s'));
         $expected_checkin = request('expected_checkin', null);
         $note = request('note', null);
@@ -900,8 +896,6 @@ class AssetsController extends Controller
 //            $asset->location_id = $target->rtd_location_id;
 //        }
 
-
-
         if ($asset->checkOut($target, Auth::user(), $checkout_at, $expected_checkin, $note, $asset_name, $asset->location_id)) {
             return response()->json(Helper::formatStandardApiResponse('success', ['asset'=> e($asset->asset_tag)], trans('admin/hardware/message.checkout.success')));
         }
diff --git a/app/Http/Requests/AssetCheckoutRequest.php b/app/Http/Requests/AssetCheckoutRequest.php
index a4c6f8e00..f48a7d5e5 100644
--- a/app/Http/Requests/AssetCheckoutRequest.php
+++ b/app/Http/Requests/AssetCheckoutRequest.php
@@ -27,6 +27,14 @@ class AssetCheckoutRequest extends Request
             'assigned_location'     => 'required_without_all:assigned_user,assigned_asset',
             'status_id'             => 'exists:status_labels,id,deployable,1',
             'checkout_to_type'      => 'required|in:asset,location,user',
+            'checkout_at' => [
+                'nullable',
+                'date',
+            ],
+            'expected_checkin' => [
+                'nullable',
+                'date'
+            ],
         ];
 
         return $rules;
diff --git a/database/factories/LicenseSeatFactory.php b/database/factories/LicenseSeatFactory.php
index cd9acfee1..f9560af47 100644
--- a/database/factories/LicenseSeatFactory.php
+++ b/database/factories/LicenseSeatFactory.php
@@ -2,6 +2,7 @@
 
 namespace Database\Factories;
 
+use App\Models\Asset;
 use App\Models\License;
 use App\Models\User;
 use Illuminate\Database\Eloquent\Factories\Factory;
@@ -15,6 +16,15 @@ class LicenseSeatFactory extends Factory
         ];
     }
 
+    public function assignedToAsset(Asset $asset = null)
+    {
+        return $this->state(function () use ($asset) {
+            return [
+                'asset_id' => $asset->id ?? Asset::factory(),
+            ];
+        });
+    }
+
     public function assignedToUser(User $user = null)
     {
         return $this->state(function () use ($user) {
diff --git a/database/factories/StatuslabelFactory.php b/database/factories/StatuslabelFactory.php
index 0b8359dd5..fa2e5d5e1 100644
--- a/database/factories/StatuslabelFactory.php
+++ b/database/factories/StatuslabelFactory.php
@@ -46,6 +46,11 @@ class StatuslabelFactory extends Factory
         });
     }
 
+    public function readyToDeploy()
+    {
+        return $this->rtd();
+    }
+
     public function pending()
     {
         return $this->state(function () {
diff --git a/database/migrations/2024_05_27_143554_add_parent_id_index_to_locations.php b/database/migrations/2024_05_27_143554_add_parent_id_index_to_locations.php
new file mode 100644
index 000000000..2aef11918
--- /dev/null
+++ b/database/migrations/2024_05_27_143554_add_parent_id_index_to_locations.php
@@ -0,0 +1,33 @@
+<?php
+
+use Illuminate\Database\Migrations\Migration;
+use Illuminate\Database\Schema\Blueprint;
+use Illuminate\Support\Facades\Schema;
+
+class AddParentIdIndexToLocations extends Migration
+{
+    /**
+     * Run the migrations.
+     *
+     * @return void
+     */
+    public function up()
+    {
+        Schema::table('locations', function (Blueprint $table) {
+            $table->index('parent_id');
+        });
+    }
+
+    /**
+     * Reverse the migrations.
+     *
+     * @return void
+     */
+    public function down()
+    {
+        Schema::table('locations', function (Blueprint $table) {
+            //
+            $table->dropIndex('locations_parent_id_index');
+        });
+    }
+}
diff --git a/tests/Feature/Api/Assets/AssetCheckoutTest.php b/tests/Feature/Api/Assets/AssetCheckoutTest.php
new file mode 100644
index 000000000..82d572ef5
--- /dev/null
+++ b/tests/Feature/Api/Assets/AssetCheckoutTest.php
@@ -0,0 +1,213 @@
+<?php
+
+namespace Tests\Feature\Api\Assets;
+
+use App\Events\CheckoutableCheckedOut;
+use App\Models\Asset;
+use App\Models\Location;
+use App\Models\Statuslabel;
+use App\Models\User;
+use Illuminate\Support\Carbon;
+use Illuminate\Support\Facades\Event;
+use Tests\TestCase;
+
+class AssetCheckoutTest extends TestCase
+{
+    protected function setUp(): void
+    {
+        parent::setUp();
+
+        Event::fake([CheckoutableCheckedOut::class]);
+    }
+
+    public function testCheckingOutAssetRequiresCorrectPermission()
+    {
+        $this->actingAsForApi(User::factory()->create())
+            ->postJson(route('api.asset.checkout', Asset::factory()->create()), [
+                'checkout_to_type' => 'user',
+                'assigned_user' => User::factory()->create()->id,
+            ])
+            ->assertForbidden();
+    }
+
+    public function testNonExistentAssetCannotBeCheckedOut()
+    {
+        $this->actingAsForApi(User::factory()->checkoutAssets()->create())
+            ->postJson(route('api.asset.checkout', 1000), [
+                'checkout_to_type' => 'user',
+                'assigned_user' => User::factory()->create()->id,
+            ])
+            ->assertStatusMessageIs('error');
+    }
+
+    public function testAssetNotAvailableForCheckoutCannotBeCheckedOut()
+    {
+        $assetAlreadyCheckedOut = Asset::factory()->assignedToUser()->create();
+
+        $this->actingAsForApi(User::factory()->checkoutAssets()->create())
+            ->postJson(route('api.asset.checkout', $assetAlreadyCheckedOut), [
+                'checkout_to_type' => 'user',
+                'assigned_user' => User::factory()->create()->id,
+            ])
+            ->assertStatusMessageIs('error');
+    }
+
+    public function testAssetCannotBeCheckedOutToItself()
+    {
+        $asset = Asset::factory()->create();
+
+        $this->actingAsForApi(User::factory()->checkoutAssets()->create())
+            ->postJson(route('api.asset.checkout', $asset), [
+                'checkout_to_type' => 'asset',
+                'assigned_asset' => $asset->id,
+            ])
+            ->assertStatusMessageIs('error');
+    }
+
+    public function testValidationWhenCheckingOutAsset()
+    {
+        $this->actingAsForApi(User::factory()->checkoutAssets()->create())
+            ->postJson(route('api.asset.checkout', Asset::factory()->create()), [])
+            ->assertStatusMessageIs('error');
+
+        Event::assertNotDispatched(CheckoutableCheckedOut::class);
+    }
+
+    public function testCannotCheckoutAcrossCompaniesWhenFullCompanySupportEnabled()
+    {
+        $this->markTestIncomplete('This is not implemented');
+    }
+
+    /**
+     * This data provider contains checkout targets along with the
+     * asset's expected location after the checkout process.
+     */
+    public function checkoutTargets(): array
+    {
+        return [
+            'Checkout to User' => [
+                function () {
+                    $userLocation = Location::factory()->create();
+                    $user = User::factory()->for($userLocation)->create();
+
+                    return [
+                        'checkout_type' => 'user',
+                        'target' => $user,
+                        'expected_location' => $userLocation,
+                    ];
+                }
+            ],
+            'Checkout to User without location set' => [
+                function () {
+                    $userLocation = Location::factory()->create();
+                    $user = User::factory()->for($userLocation)->create(['location_id' => null]);
+
+                    return [
+                        'checkout_type' => 'user',
+                        'target' => $user,
+                        'expected_location' => null,
+                    ];
+                }
+            ],
+            'Checkout to Asset with location set' => [
+                function () {
+                    $rtdLocation = Location::factory()->create();
+                    $location = Location::factory()->create();
+                    $asset = Asset::factory()->for($location)->for($rtdLocation, 'defaultLoc')->create();
+
+                    return [
+                        'checkout_type' => 'asset',
+                        'target' => $asset,
+                        'expected_location' => $location,
+                    ];
+                }
+            ],
+            'Checkout to Asset without location set' => [
+                function () {
+                    $rtdLocation = Location::factory()->create();
+                    $asset = Asset::factory()->for($rtdLocation, 'defaultLoc')->create(['location_id' => null]);
+
+                    return [
+                        'checkout_type' => 'asset',
+                        'target' => $asset,
+                        'expected_location' => null,
+                    ];
+                }
+            ],
+            'Checkout to Location' => [
+                function () {
+                    $location = Location::factory()->create();
+
+                    return [
+                        'checkout_type' => 'location',
+                        'target' => $location,
+                        'expected_location' => $location,
+                    ];
+                }
+            ],
+        ];
+    }
+
+    /** @dataProvider checkoutTargets */
+    public function testAssetCanBeCheckedOut($data)
+    {
+        ['checkout_type' => $type, 'target' => $target, 'expected_location' => $expectedLocation] = $data();
+
+        $newStatus = Statuslabel::factory()->readyToDeploy()->create();
+        $asset = Asset::factory()->forLocation()->create();
+        $admin = User::factory()->checkoutAssets()->create();
+
+        $this->actingAsForApi($admin)
+            ->postJson(route('api.asset.checkout', $asset), [
+                'checkout_to_type' => $type,
+                'assigned_'.$type => $target->id,
+                'status_id' => $newStatus->id,
+                'checkout_at' => '2024-04-01',
+                'expected_checkin' => '2024-04-08',
+                'name' => 'Changed Name',
+                'note' => 'Here is a cool note!',
+            ])
+            ->assertOk();
+
+        $asset->refresh();
+        $this->assertTrue($asset->assignedTo()->is($target));
+        $this->assertEquals('Changed Name', $asset->name);
+        $this->assertTrue($asset->assetstatus->is($newStatus));
+        $this->assertEquals('2024-04-01 00:00:00', $asset->last_checkout);
+        $this->assertEquals('2024-04-08 00:00:00', (string) $asset->expected_checkin);
+
+        $expectedLocation
+            ? $this->assertTrue($asset->location->is($expectedLocation))
+            : $this->assertNull($asset->location);
+
+        Event::assertDispatched(CheckoutableCheckedOut::class, 1);
+        Event::assertDispatched(function (CheckoutableCheckedOut $event) use ($admin, $asset, $target) {
+            $this->assertTrue($event->checkoutable->is($asset));
+            $this->assertTrue($event->checkedOutTo->is($target));
+            $this->assertTrue($event->checkedOutBy->is($admin));
+            $this->assertEquals('Here is a cool note!', $event->note);
+
+            return true;
+        });
+    }
+
+    public function testLicenseSeatsAreAssignedToUserUponCheckout()
+    {
+        $this->markTestIncomplete('This is not implemented');
+    }
+
+    public function testLastCheckoutUsesCurrentDateIfNotProvided()
+    {
+        $asset = Asset::factory()->create(['last_checkout' => now()->subMonth()]);
+
+        $this->actingAsForApi(User::factory()->checkoutAssets()->create())
+            ->postJson(route('api.asset.checkout', $asset), [
+                'checkout_to_type' => 'user',
+                'assigned_user' => User::factory()->create()->id,
+            ]);
+
+        $asset->refresh();
+
+        $this->assertTrue(Carbon::parse($asset->last_checkout)->diffInSeconds(now()) < 2);
+    }
+}
diff --git a/tests/Feature/Checkouts/AssetCheckoutTest.php b/tests/Feature/Checkouts/AssetCheckoutTest.php
new file mode 100644
index 000000000..fd0408b45
--- /dev/null
+++ b/tests/Feature/Checkouts/AssetCheckoutTest.php
@@ -0,0 +1,239 @@
+<?php
+
+namespace Tests\Feature\Checkouts;
+
+use App\Events\CheckoutableCheckedOut;
+use App\Models\Asset;
+use App\Models\Company;
+use App\Models\LicenseSeat;
+use App\Models\Location;
+use App\Models\Statuslabel;
+use App\Models\User;
+use Illuminate\Support\Carbon;
+use Illuminate\Support\Facades\Event;
+use Tests\TestCase;
+
+class AssetCheckoutTest extends TestCase
+{
+    protected function setUp(): void
+    {
+        parent::setUp();
+
+        Event::fake([CheckoutableCheckedOut::class]);
+    }
+
+    public function testCheckingOutAssetRequiresCorrectPermission()
+    {
+        $this->actingAs(User::factory()->create())
+            ->post(route('hardware.checkout.store', Asset::factory()->create()), [
+                'checkout_to_type' => 'user',
+                'assigned_user' => User::factory()->create()->id,
+            ])
+            ->assertForbidden();
+    }
+
+    public function testNonExistentAssetCannotBeCheckedOut()
+    {
+        $this->actingAs(User::factory()->checkoutAssets()->create())
+            ->post(route('hardware.checkout.store', 1000), [
+                'checkout_to_type' => 'user',
+                'assigned_user' => User::factory()->create()->id,
+                'name' => 'Changed Name',
+            ])
+            ->assertSessionHas('error')
+            ->assertRedirect(route('hardware.index'));
+
+        Event::assertNotDispatched(CheckoutableCheckedOut::class);
+    }
+
+    public function testAssetNotAvailableForCheckoutCannotBeCheckedOut()
+    {
+        $assetAlreadyCheckedOut = Asset::factory()->assignedToUser()->create();
+
+        $this->actingAs(User::factory()->checkoutAssets()->create())
+            ->post(route('hardware.checkout.store', $assetAlreadyCheckedOut), [
+                'checkout_to_type' => 'user',
+                'assigned_user' => User::factory()->create()->id,
+            ])
+            ->assertSessionHas('error')
+            ->assertRedirect(route('hardware.index'));
+
+        Event::assertNotDispatched(CheckoutableCheckedOut::class);
+    }
+
+    public function testAssetCannotBeCheckedOutToItself()
+    {
+        $asset = Asset::factory()->create();
+
+        $this->actingAs(User::factory()->checkoutAssets()->create())
+            ->post(route('hardware.checkout.store', $asset), [
+                'checkout_to_type' => 'asset',
+                'assigned_asset' => $asset->id,
+            ])
+            ->assertSessionHas('error');
+
+        Event::assertNotDispatched(CheckoutableCheckedOut::class);
+    }
+
+    public function testValidationWhenCheckingOutAsset()
+    {
+        $this->actingAs(User::factory()->create())
+            ->post(route('hardware.checkout.store', Asset::factory()->create()), [
+                'status_id' => 'does-not-exist',
+                'checkout_at' => 'invalid-date',
+                'expected_checkin' => 'invalid-date',
+            ])
+            ->assertSessionHasErrors([
+                'assigned_user',
+                'assigned_asset',
+                'assigned_location',
+                'status_id',
+                'checkout_to_type',
+                'checkout_at',
+                'expected_checkin',
+            ]);
+
+        Event::assertNotDispatched(CheckoutableCheckedOut::class);
+    }
+
+    public function testCannotCheckoutAcrossCompaniesWhenFullCompanySupportEnabled()
+    {
+        $this->settings->enableMultipleFullCompanySupport();
+
+        $assetCompany = Company::factory()->create();
+        $userCompany = Company::factory()->create();
+
+        $user = User::factory()->for($userCompany)->create();
+        $asset = Asset::factory()->for($assetCompany)->create();
+
+        $this->actingAs(User::factory()->superuser()->create())
+            ->post(route('hardware.checkout.store', $asset), [
+                'checkout_to_type' => 'user',
+                'assigned_user' => $user->id,
+            ])
+            ->assertRedirect(route('hardware.checkout.store', $asset));
+
+        Event::assertNotDispatched(CheckoutableCheckedOut::class);
+    }
+
+    /**
+     * This data provider contains checkout targets along with the
+     * asset's expected location after the checkout process.
+     */
+    public function checkoutTargets(): array
+    {
+        return [
+            'User' => [function () {
+                $userLocation = Location::factory()->create();
+                $user = User::factory()->for($userLocation)->create();
+
+                return [
+                    'checkout_type' => 'user',
+                    'target' => $user,
+                    'expected_location' => $userLocation,
+                ];
+            }],
+            'Asset without location set' => [function () {
+                $rtdLocation = Location::factory()->create();
+                $asset = Asset::factory()->for($rtdLocation, 'defaultLoc')->create(['location_id' => null]);
+
+                return [
+                    'checkout_type' => 'asset',
+                    'target' => $asset,
+                    'expected_location' => $rtdLocation,
+                ];
+            }],
+            'Asset with location set' => [function () {
+                $rtdLocation = Location::factory()->create();
+                $location = Location::factory()->create();
+                $asset = Asset::factory()->for($location)->for($rtdLocation, 'defaultLoc')->create();
+
+                return [
+                    'checkout_type' => 'asset',
+                    'target' => $asset,
+                    'expected_location' => $location,
+                ];
+            }],
+            'Location' => [function () {
+                $location = Location::factory()->create();
+
+                return [
+                    'checkout_type' => 'location',
+                    'target' => $location,
+                    'expected_location' => $location,
+                ];
+            }],
+        ];
+    }
+
+    /** @dataProvider checkoutTargets */
+    public function testAssetCanBeCheckedOut($data)
+    {
+        ['checkout_type' => $type, 'target' => $target, 'expected_location' => $expectedLocation] = $data();
+
+        $newStatus = Statuslabel::factory()->readyToDeploy()->create();
+        $asset = Asset::factory()->create();
+        $admin = User::factory()->checkoutAssets()->create();
+
+        $this->actingAs($admin)
+            ->post(route('hardware.checkout.store', $asset), [
+                'checkout_to_type' => $type,
+                'assigned_' . $type => $target->id,
+                'name' => 'Changed Name',
+                'status_id' => $newStatus->id,
+                'checkout_at' => '2024-03-18',
+                'expected_checkin' => '2024-03-28',
+                'note' => 'An awesome note',
+            ]);
+
+        $asset->refresh();
+        $this->assertTrue($asset->assignedTo()->is($target));
+        $this->assertTrue($asset->location->is($expectedLocation));
+        $this->assertEquals('Changed Name', $asset->name);
+        $this->assertTrue($asset->assetstatus->is($newStatus));
+        $this->assertEquals('2024-03-18 00:00:00', $asset->last_checkout);
+        $this->assertEquals('2024-03-28 00:00:00', (string)$asset->expected_checkin);
+
+        Event::assertDispatched(CheckoutableCheckedOut::class, 1);
+        Event::assertDispatched(function (CheckoutableCheckedOut $event) use ($admin, $asset, $target) {
+            $this->assertTrue($event->checkoutable->is($asset));
+            $this->assertTrue($event->checkedOutTo->is($target));
+            $this->assertTrue($event->checkedOutBy->is($admin));
+            $this->assertEquals('An awesome note', $event->note);
+
+            return true;
+        });
+    }
+
+    public function testLicenseSeatsAreAssignedToUserUponCheckout()
+    {
+        $asset = Asset::factory()->create();
+        $seat = LicenseSeat::factory()->assignedToAsset($asset)->create();
+        $user = User::factory()->create();
+
+        $this->assertFalse($user->licenses->contains($seat->license));
+
+        $this->actingAs(User::factory()->checkoutAssets()->create())
+            ->post(route('hardware.checkout.store', $asset), [
+                'checkout_to_type' => 'user',
+                'assigned_user' => $user->id,
+            ]);
+
+        $this->assertTrue($user->fresh()->licenses->contains($seat->license));
+    }
+
+    public function testLastCheckoutUsesCurrentDateIfNotProvided()
+    {
+        $asset = Asset::factory()->create(['last_checkout' => now()->subMonth()]);
+
+        $this->actingAs(User::factory()->checkoutAssets()->create())
+            ->post(route('hardware.checkout.store', $asset), [
+                'checkout_to_type' => 'user',
+                'assigned_user' => User::factory()->create()->id,
+            ]);
+
+        $asset->refresh();
+
+        $this->assertTrue(Carbon::parse($asset->last_checkout)->diffInSeconds(now()) < 2);
+    }
+}
diff --git a/tests/Unit/Listeners/LogListenerTest.php b/tests/Unit/Listeners/LogListenerTest.php
new file mode 100644
index 000000000..011a5c51a
--- /dev/null
+++ b/tests/Unit/Listeners/LogListenerTest.php
@@ -0,0 +1,39 @@
+<?php
+
+namespace Tests\Unit\Listeners;
+
+use App\Events\CheckoutableCheckedOut;
+use App\Listeners\LogListener;
+use App\Models\Asset;
+use App\Models\User;
+use Tests\TestCase;
+
+class LogListenerTest extends TestCase
+{
+    public function testLogsEntryOnCheckoutableCheckedOut()
+    {
+        $asset = Asset::factory()->create();
+        $checkedOutTo = User::factory()->create();
+        $checkedOutBy = User::factory()->create();
+
+        // Simply to ensure `user_id` is set in the action log
+        $this->actingAs($checkedOutBy);
+
+        (new LogListener())->onCheckoutableCheckedOut(new CheckoutableCheckedOut(
+            $asset,
+            $checkedOutTo,
+            $checkedOutBy,
+            'A simple note...',
+        ));
+
+        $this->assertDatabaseHas('action_logs', [
+            'action_type' => 'checkout',
+            'user_id' => $checkedOutBy->id,
+            'target_id' => $checkedOutTo->id,
+            'target_type' => User::class,
+            'item_id' => $asset->id,
+            'item_type' => Asset::class,
+            'note' => 'A simple note...',
+        ]);
+    }
+}