Wis. Admin. Code Department of Transportation Trans 150.03 - General lease requirements
(1) A lease
agreement for the use of a motor vehicle by a private motor carrier shall:
(a) Be in writing and signed by both the
lessor and the lessee, or their regular employes or agents duly authorized to
act for them in the execution of contracts.
(b) Provide for the exclusive possession,
control and use of the motor vehicle controlled by the lessee, and the complete
assumption by the lessee of full responsibility to the public and all
regulatory agencies having jurisdiction during the entire period of the lease
agreement. This provision does not prohibit the lessor from obtaining
possession of the motor vehicle for purposes of maintenance or repairs, or
because of violations of the lease agreement.
(c) Specify the names and addresses of all
parties to the lease agreement.
(d)
Identify the year, make and vehicle identification number of the motor vehicle
as shown on the registration card issued for the vehicle.
(e) Specify the time and date upon which the
lease begins and ends or the circumstances under which the lease begins and
ends.
(f) Be retained by the lessee
and by the owner.
(2)
The lessee may prepare a written statement certifying all of the following:
(a) The motor vehicle is being operated by
the lessee.
(b) The name of the
owner of the vehicle.
(c) The
specific description of the vehicle, including the year, make and vehicle
identification number of the vehicle.
(d) The time and date upon which the lease
begins and ends or the circumstances under which the lease begins and
ends.
(3) The
certificate described in sub. (2) or a copy of the lease agreement shall be
carried in the vehicle specified during the entire period of the lease and
shall be made available for inspection upon the request of any law enforcement
officer.
Notes
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