Equipment Lessor Articles | JWL International

29 Mar Changes in Tax Laws

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By James Waite Rental Management Magazine WHAT CHANGES IN TAX LAWS CAN MEAN Editor’s note: The tax change proposals mentioned in Legally Speaking this month currently are under discussion by members of Congress in Washington, D.C. According to John McClelland, Ph.D., American Rental Association (ARA) vice president for government affairs...

28 Sep Marijuana & Employment Law: Dazed & Confused

Posted at 16:48h in Equipment Lessor Articles

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An equipment industry client asked the following question: Can my employees use marijuana? If so, when, where, and what can I do about it? Generally: the answer depends largely on where and for whom you are working. LEGALITY: FEDERAL LAW: Marijuana use remains illegal at the federal...

12 Dec Follow These Steps to Achieve Damage Waiver Success

Posted at 19:21h in Equipment Lessor Articles

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After nearly 10 years of offering damage waivers at Busylad Rent-All in Tupelo, Miss., the company’s president, Buddy Stubbs, says, “There’s no reason in my mind not to charge a damage waiver.” Like others, Stubbs and his employees had some doubts about damage waivers before they...

03 Apr Lawsuit Accuses United Rentals, Other Construction Equipment Firms of Price-Fixing

Posted at 10:56h in Dealer Articles, Dealer Updates, Equipment Lessor Articles, Industry Updates, Lessor Updates, Manufacturer Articles, Manufacturer Updates

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A lawsuit filed in Chicago federal court claims that construction equipment giant United Rentals and four rivals conspired with a data services platform to fix prices, causing thousands of businesses to overpay for excavators, cranes and other vehicles. ...

12 Jul Resolving Payment Disputes

Posted at 08:08h in Dealer Articles, Equipment Lessor Articles

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Question: I rented a piece of equipment to a customer without first getting his signature on my rental contract. The equipment was vandalized, and I charged the customer’s credit card for the cost of the repair. The customer disputed the charge, and the credit card...

28 Sep The Case for a Bill of Sale

Posted at 16:45h in Dealer Articles, Equipment Lessor Articles

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Question: I sell new and used equipment. I usually don’t have buyers sign a separate contract or bill of sale because I have a provision in my rental contract that I believe covers sales. Is that enough or is there some reason I need to...

12 Dec Lessons Learned from a Class Action Suit on Damage Waiver

Posted at 22:19h in Dealer Articles, Equipment Lessor Articles

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This class action lawsuit filed against Hertz Equipment Rental is good reason to revisit your policy on damage waivers. Whether to offer a damage waiver remains one of the most hotly debated issues in the equipment rental industry. Comments range from: “It has no value to...

05 Oct The State of the Equipment Industry – IEDA Presentation 2023

Posted at 15:39h in Dealer Articles, Dealer Updates, Equipment Lessor Articles, Industry Updates, Manufacturer Articles, Manufacturer Updates

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James Waite presents on The State of the Equipment Industry from an economic outlook and how to better prepare for what is to come....

28 Sep Buying Assets or Equity

Posted at 16:44h in Dealer Articles, Equipment Lessor Articles, Manufacturer Articles

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Question: I’m considering buying a competing equipment dealership. I’m being told that I should buy the assets rather than the equity of the target business because, if I do that, my company won’t assume any of the seller’s liabilities. Is that true? Answer: For most business buyers, purchasing...

28 Dec Protecting yourself from Customer Bankruptcies

Posted at 20:48h in Dealer Articles, Equipment Lessor Articles, Manufacturer Articles, Uncategorized

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Question: I just had two large customers file bankruptcy. One of them was making payments on a rental that included an informal purchase option — just some notes written on the face of a rental contract; the other owes me more than $50,000 on a...