Lessee/Lessor Expense Agreement | |||||||
Place an "x" or a checkmark next to each item indicating whether the lessee or lessor is responsible for the listed expense. | |||||||
Item | Lessee | Lessor | Item | Lessee | Lessor | ||
Vehicle Licensing Fees | Equipment Rental Taxes | ||||||
Toll and Ferry Charges | Fuel and Oil | ||||||
Vehicle Loan Payments | Vehicle Maintenance | ||||||
Parts & Tires | Major Vehicle Repairs | ||||||
Insurance, Comprehensive | Minor Vehicle Repairs | ||||||
Insurance, Theft | Other (explain): | ||||||
Insurance, Fire | Other (explain): | ||||||
Under the terms of this lease, the lessee must: | |||||||
• | Have complete possession, control and use of the vehicle during the lease period; | • | Ensure that the vehicle is properly identified; | ||||
• | Be in complete control of all operations; | • | Comply with all safety regulations; and | ||||
• | Provide liability and property damage insurance; | • | Bill and collect proper tariff rates and charges. | ||||
• | Ensure that the driver of the leased vehicle is an employee of the lessee; | ||||||
The parties signing this lease certify that the information shown above is true and correct, that the provisions of the lease will be enforced by both parties, and that all operations conducted with the leased equipment will be conducted in compliance with applicable laws and rules. | |||||||
Lessee Signature/Title date signed | |||||||
Lessor Signature/Title date signed |