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picture1_Lease Agreement Template 201395 | Wed Vehicle Lease Agreements


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File: Lease Agreement Template 201395 | Wed Vehicle Lease Agreements
international registration plan inc vehicle lease agreements angela marbray ca 2021 irp ifta managers and law enforcement workshop 1 what is a vehicle lease agreement a contract or arrangement in ...

icon picture PDF Filetype PDF | Posted on 10 Feb 2023 | 2 years ago
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                                                                                               INTERNATIONAL REGISTRATION PLAN, INC.
                                       Vehicle Lease Agreements
                                                    Angela Marbray, CA
                                            2021 IRP/IFTA Managers’ and 
                                              Law Enforcement Workshop
               1
                            What is a Vehicle Lease Agreement?
                        • A contract or arrangement in which the owner grants 
                           the use of equipment, with or without driver, for a 
                           specified period to an authorized carrier for use in 
                           the regulated transportation of property, in exchange 
                           for compensation.
               2
                                                                                                                                    1
               Title 49,§376.12 Lease Requirements
              There are nine requirements that should appear in 
              all lease agreements.
              General exemptions can be found under Subpart C.
         3
                              Poll Question
              Does your jurisdiction have a checklist or provide 
              training for reviewing lease agreements?
         4
                                                                           2
            1. Parties
            Authorized carrier and owner shall be identified and both 
            are required to sign the lease or by their authorized 
            representative.
        5
            2. Duration
            The lease shall specify the time and date or 
            circumstances on which the lease begins and ends.
        6
                                                                 3
            3. Exclusive Possession and Responsibilities
            The authorized carrier lessee shall have exclusive 
            possession, control, and use of the equipment for the 
            duration of the lease.
        7
            4. Compensation
            The amount to be paid by the authorized carrier for 
            equipment and driver's services shall be clearly stated 
            on the face of the lease or in an addendum which is 
            attached to the lease. 
        8
                                                                   4
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...International registration plan inc vehicle lease agreements angela marbray ca irp ifta managers and law enforcement workshop what is a agreement contract or arrangement in which the owner grants use of equipment with without driver for specified period to an authorized carrier regulated transportation property exchange compensation title requirements there are nine that should appear all general exemptions can be found under subpart c poll question does your jurisdiction have checklist provide training reviewing parties shall identified both required sign by their representative duration specify time date circumstances on begins ends exclusive possession responsibilities lessee control amount paid s services clearly stated face addendum attached...

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