Current through Register Vol. 56, No. 24, December 18, 2024
(a)Any
autobus company filing an autobus lease with the Division shall affirm under
penalty of perjury that the lease contains the following information:
1. The name, address and telephone number of
the vehicle owner (lessor);
2. The
name, address, and telephone number of the authorized carrier/autobus company
(lessee);
3. The Division Docket
Number and the charter number, special number, or route file number of the
autobus company (lessee) or the FHWA/USDOT number of the autobus company
(lessee);
4. The term of the
lease, that is, the lease effective date and expiration date;
5. An exclusive use clause, setting forth
that the leased vehicle(s) will be for the lessee's exclusive use; if the lease
does not provide for lessee's exclusive use, it must specify all others having
use of the vehicle and the nature of said use. The lease must indicate any
subleasing arrangements, if applicable;
6. An insurance clause providing that the
autobus company (lessee) is responsible for maintaining the proper insurance
coverage limits required by law;
7.
A consideration clause showing the rental payment for the use of the
vehicle;
8.A cancellation/amendment
clause including provisions regarding the following:
i. The duty of parties to notify the Division
within five days of the cancellation and/or amendment of a lease;
ii. The duty of parties to return omnibus
license plates to the State of New Jersey; and
iii. The duty of parties to present vehicle
to the Division for removal of inspection sticker and for return of certificate
of inspection;
9. The
fleet number, make, model, year, Vehicle Identification Number, seating
capacity and Divisions vehicle number (if known) of each vehicle covered by the
lease; and
10. The signatures of
the owner/lessor and the operator/lessee and the date.
(b) No more than five vehicles, where the
owner of the vehicle is the same, shall be included in each lease.
(c) Each lease submitted shall be accompanied
by payment for the lease filing fee established by the Legislature at N.J.S.A
48:2-56, specifically N.J.S.A 48:2-56F(4) as amended and supplemented and
incorporated herein by reference.
(d) A lease shall remain valid throughout its
term unless cancelled in the method described in the body of lease, regardless
of other circumstances concerning the vehicle, including, but not limited to,
sale of the vehicle by the lessor or casualty loss of the vehicle.
(e) The Division shall not be responsible for
the implementation, operation, or cancellation of a lease.
