Section 138.07. Lease agreement.

Latest version.

(1) Motor vehicle dealers and wholesalers shall furnish a copy of a signed lease agreement with the dealer license application whenever first applying for a license for a business location, unless the business property is owned by the dealership entity.

(2) Such lease agreement shall name the dealer applicant as lessee and shall contain the following items:

(a) Names of parties to the agreement;

(b) Consideration for lease agreement;

(c) Description of business premises;

(d) Terms of lease; and

(e) Signatures of parties to the agreement.

History: Cr. Register, July, 1981, No. 307 , eff. 8-1-81; am. (1), Register, October, 1984, No. 346 , eff. 11-1-84; am. (1), Register, June, 1991, No. 426 , eff. 7-1-91.

                    
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