A new approach to describe the equilibrium kinetics of chemisorption is proposed. The description of the system is based on first-principles chemical reaction kinetics and statistical thermodynamics. The rate constants are described by using a novel way of activation energy characterization. General expressions for equilibrium gas pressure isotherms and forward/backward reaction rates are obtained as a function of surface coverage. A strong influence of attraction and repulsion interaction energies between the adsorbed species on the equilibrium kinetics is found.