California Civil Code

§ 1656.5

CIV § 1656.5 Effective Jan 1, 2018Div. 3 · Title 3 · Part 2

Statute text

(a)Whether a qualified heavy equipment renter may add estimated personal property tax reimbursement to the rental price of heavy equipment property to a lessee depends solely upon the terms of the rental agreement. It shall be presumed that the parties agreed to the addition of estimated personal property tax reimbursement to the rental price of heavy equipment property to a lessee if all of the following conditions occur:

(1)The rental agreement expressly provides for the addition of estimated personal property tax reimbursement.

(2)Estimated personal property tax reimbursement is separately stated and charged on the rental agreement.

…

Legislative history

Added by Stats. 2017, Ch. 505, Sec. 1. (AB 1130) Effective January 1, 2018.