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Leasing on to a company

Discussion in 'Ask An Owner Operator' started by Silverking, Aug 21, 2018.

  1. Aug 21, 2018 #1
    Silverking

    Silverking Light Load Member

    102
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    Nov 7, 2013
    Edgewater, FL
    0
    I'm a new owner operator and this will be my first lease. Are there any red flags that I need to look for? Are leases pretty much the same between companies or do they very a lot. Thanks for any advice.
     
    Silverking, Aug 21, 2018
    Silverking, Aug 21, 2018
    #1
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  3. Aug 21, 2018 #2
    Gdog66223

    Gdog66223 Road Train Member

    1,871
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    Dec 30, 2017
    Coal Town
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    And we have another one!!!
     
    Gdog66223, Aug 21, 2018
    Gdog66223, Aug 21, 2018
    #2
    Kyle G. Thanks this.
  4. Aug 21, 2018 #3
    Dino soar

    Dino soar Road Train Member

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    Look for things like hidden fees. If they have an escrow account that they hold your money. Is there a penalty for leaving before a certain period of time. Look for things that they can charge back to you, like if you pull containers and get a blowout.

    It's probably best to have a lawyer go over it. I'm sure someone here can contribute more.
     
    Dino soar, Aug 21, 2018
    Dino soar, Aug 21, 2018
    #3
    bryan21384 Thanks this.
  5. Feb 20, 2019 #4
    Termite20

    Termite20 Bobtail Member

    28
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    Apr 19, 2017
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    ooida has some good youtube videos about lease aggreements that you should watch
     
    Termite20, Feb 20, 2019
    Termite20, Feb 20, 2019
    #4
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