I will draft a precise owner operator equipment lease agreement
Licensed US Attorney Expert Trucking, Logistics Owner Operator Contracts
About this Gig
Leasing commercial trucking equipment involves high-value assets and immense liability. I am Rosanne Marie Nolan, a licensed US Attorney (Bar #89992), and I draft precise, legally enforceable Owner-Operator Equipment Lease Agreements.
Whether you are leasing a semi-truck to a driver, or an owner-operator is leasing their equipment onto your carrier authority, compliance with the FMCSAs Truth-in-Leasing regulations (49 CFR Part 376) is mandatory. I draft comprehensive lease agreements that define exact payment terms, maintenance responsibilities, insurance requirements (bobtail/non-trucking liability), and equipment return conditions.
This agreement legally shields your asset from unauthorized use and clearly outlines the financial responsibilities of both parties in the event of an accident or mechanical failure. Protect your high-value equipment with an ironclad lease drafted by a legal professional.
Field of law:
Finance
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Business (corporate)
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Commercial
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FAQ
Does this comply with FMCSA Truth-in-Leasing rules?
Yes, it is drafted specifically to comply with 49 CFR Part 376 regulations.
Can this be used if a driver is leasing a truck from my company?
Yes, this can be structured as a lease-to-own or standard equipment lease.
Does the agreement cover maintenance costs?
Yes, the contract dictates exactly who pays for maintenance, repairs, and blown tires.
What happens if the driver defaults on payments?
The contract includes strict default and repossession clauses to protect your asset.
Can I customize the insurance requirements?
Yes, the Standard and Premium packages allow for highly customized insurance provisions.
