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(2 Advertisement of a lease rate.
A lease rate may not be included among the segregated disclosures referenced in § 1013.3(a)(2).
The lessor shall not use the term "annual percentage rate," "annual lease rate," or any equivalent term.
In the second quarter of this year, the average lease rate that property owners are asking increased to $9.12 per square foot, up from $8.55 per square foot in the first quarter.
Today, most cabbies have to pay their lease rate up front (about a hundred dollars a day) and pay for their own gas; they get to keep what they make during their shift.
Don Young and his wife, Dr. JoAnn Young, pay the requisite $850 a month to lease their Mini E — more than triple the lease rate for a base-model Mini Cooper.
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§ 3211.11 What are the annual lease rental rates?
Renewal lease rates have also been lower than anticipated".
Lease rates range from $17 per square foot to $20 per square foot.
The last time fares went up, in 1996, owners responded by raising their lease rates.
Previously, whenever there was a fare increase, fleet owners would just raise the lease rates.
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