Common use of Leases of 30 Days or More Clause in Contracts

Leases of 30 Days or More. In the case of a long-term lease, a lessor who is regularly engaged in the business of leasing or renting motor vehicles without drivers for compensation to licensees or other lessees may be deemed to be the licensee, and such lessor may be issued a license if an application has been properly filed and approved by the base jurisdiction. (R510.200) Decals that are assigned to a new owner-operator under a long-term lease agreement must be voided once the lease has been terminated. If the decals are not voided upon lease termination, the motor carrier is still responsible for quarterly filing even if no travel occurs.

Leases of 30 Days or More. In the case of a long-term lease, a lessor who is regularly engaged in the business of leasing or renting motor vehicles without drivers for compensation to licensees or other lessees may be deemed to be the licensee, and such lessor may be issued a license if an application has been properly filed and approved by the base jurisdiction. (R510.200) Decals that are assigned to a new owner-operator under a long-term lease agreement must be voided cancelled once the lease has been terminated. If the decals are not voided cancelled upon lease termination, the motor carrier is still responsible for quarterly filing even if no travel occurs.