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IL Uniform Taxicab Lease Agreement 2016-2025 free printable template
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Cityofchicago. org/bacp. Chauffeurs should know the tier and the age of the taxicab vehicle they lease. CITY OF CHICAGO UNIFORM TAXICAB LEASE AGREEMENT FOR TAXICAB MEDALLION LICENSE NUMBER TX THIS DOCUMENT MUST BE KEPT IN VEHICLE AT ALL TIMES and IS NOT VALID UNLESS COMPLETED AND SIGNED. Org www. cityofchicago. org/bacp Page 1 of 2 v.January. 1. 2016 The information on this page is provided as a quick reference and does not contain all taxicab lease agreement information. For complete...information please refer to the Municipal Code of Chicago www. INS. Medallion Owner I certify that all the information on this lease is true correct and accurately reports the terms and conditions of the full taxicab lease agreement in compliance with the Municipal Code of Chicago and applicable rules and regulations. Lease Type Check One Box 12-Hour Daily Lease 12-Hour Weekly Lease Medallion License Only Lease Lease Term FROM at Start Date MM/DD/YEAR AM / PM Time HH MM TO at End Date...MM/DD/YEAR CF Public Chauffeur / Lessee Information Print First Name Last Name Phone Number with Area Code Lessee s Signature Date Signed MM/DD/YYYY Taxicab Vehicle Information Make Model Fuel Source Gasoline Hybrid CNG Affiliation WAV Yes No Total Taxicab Lease Amount with GTT/Accessibility Fund and Worker s Comp Fees VEHICLE TIER NUMBER Model Year Other TOTAL LEASE AMOUNT GTT ACCESSIBLITY FEE Lessor Listed Below is the Check One Box Medallion Manager LESSEE S WORKER S COMP. For a list of...approved taxicab vehicles classified by tier number please visit www. cityofchicago. org/bacp. Vehicle Age is the age of a vehicle computed by totaling the number of years in between and including both the calendar year and the model year. Examples In the calendar year 2016 a vehicle model year of 2016 vehicle age of 1 year and a vehicle model year of 2013 vehicle age of 4 years. MCC 9-112-230 - Tiered Lease Rate Structure and applicable lease rate caps in effect since February 1 2015 Tier 1...Vehicles MPG 36 OR CNG MPG 21 Maximum Lease Rate Vehicle Age of 1 year or less 72 per 12-hr shift 504 per week 99 per 24-hr shift 693 per week 497 per week 665 per week Vehicle Age 3 years or greater 413 per week 595 per week MPG 25 but 35 OR CNG MPG 20 MPG 24 Any Vehicle Age MCC 9-112-230 effective JAN. 1 2016 - Additional GTT Accessibility Fund Maximum Fees 1 maximum of 2. Management Company Name If Applicable Lessor Name Please Print Lessor 24-Hour Phone Number with Area Code...Signature of Lessor SEE PAGE 2 FOR LEASE RATES AND FEES INFORMATION KEEP A COPY OF ALL LEASES FOR YOUR RECORDS REPORT LEASE OVERCHARGE COMPLAINTS TO 311 BACPPV cityofchicago. amlegal*com and the rules and regulations governing City of Chicago licensed taxicabs and the public vehicle industry www. For a list of approved taxicab vehicles classified by tier number please visit www. cityofchicago. org/bacp* Vehicle Age is the age of a vehicle computed by totaling the number of years in between and...including both the calendar year and the model year.
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Understanding the Uniform Taxicab Lease Form
What is the Uniform Taxicab Lease Form?
The IL uniform taxicab lease form is a legal document that establishes the terms of leasing a taxicab in Illinois. This form is essential for medallion owners and drivers, outlining responsibilities and rights during the lease period. It ensures compliance with state laws and local regulations governing taxicab operations in the state.
Key Features of the Uniform Taxicab Lease Form
The form includes several key features critical for both lessors and lessees. It defines lease duration, payment amounts, and various liability clauses. Furthermore, it specifies vehicle information and the obligations of both parties related to vehicle maintenance and insurance. These features ensure a clear understanding of the contractual relationship.
Who Needs the Uniform Taxicab Lease Form?
This form is necessary for individuals and companies involved in the leasing of taxicabs in Illinois. Medallion owners, taxi companies, and independent drivers looking to lease a vehicle must utilize this document to formalize the lease agreement. It is crucial for ensuring that all parties are legally protected and informed.
When to Use the Uniform Taxicab Lease Form
The IL uniform taxicab lease form should be completed when a driver intends to lease a taxicab from a medallion owner or leasing company. It is vital to fill out this form prior to assuming control of the vehicle to avoid disputes. Ensuring that both parties sign and retain copies of the completed form contributes to a smoother leasing process.
How to Fill the Uniform Taxicab Lease Form
Filling out the IL uniform taxicab lease form requires attention to detail. Begin by accurately listing the names and contact information of both the lessor and lessee. Include the taxicab's vehicle information, including make, model, and year. Specify the lease type, duration, and payment details. Finally, ensure all parties sign and date the document, confirming agreement to the terms outlined.
Common Errors and Troubleshooting
Common errors when filling out the IL uniform taxicab lease form include inaccurate vehicle information and missing signatures. It is important to double-check all entries for correctness. Failing to provide complete information can delay the leasing process or result in legal issues. If errors are found after submission, parties may need to complete a correction form or re-enter a new lease agreement.
Frequently Asked Questions about taxi for lease form
What happens if the IL uniform taxicab lease form is not filled out correctly?
If the IL uniform taxicab lease form is not filled out correctly, it may lead to disputes regarding lease terms, or the lease might be deemed invalid. It is important to ensure all information is accurate and complete.
Is it necessary to keep a copy of the filled IL uniform taxicab lease form?
Yes, keeping a copy of the filled IL uniform taxicab lease form is crucial for both the lessor and lessee. This provides documentation of the agreement and can be referenced in case of disputes.
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