SCDMV Form TI-002LV. Fleet or Commercial Open-ended Lease Agreement for Infrastructure Maintenance Fee Processing

SCDMV Form TI-002LV is a Fleet or Commercial Open-ended Lease Agreement for Infrastructure Maintenance Fee Processing. This form is used by fleet or commercial vehicle owners who lease their vehicles and need to process the infrastructure maintenance fee. The purpose of this form is to document the agreement between the lessor and the lessee regarding the payment and processing of the infrastructure maintenance fee.

The form consists of several parts, including the identification of the lessor and lessee, vehicle details, lease terms, and the infrastructure maintenance fee processing agreement. Important fields on this form include the names and contact information of both parties, vehicle identification number (VIN), lease start and end dates, and the agreed-upon fee for infrastructure maintenance.

When filling out this form, it is important to consider the accuracy of the information provided, as any incorrect or incomplete details may lead to processing delays or errors. Both parties should carefully review the terms of the agreement before signing to ensure they are in agreement with the terms and conditions outlined.

An example application of this form would be a transportation company that leases a fleet of vehicles and is required to pay an infrastructure maintenance fee for each vehicle. By filling out this form, the company establishes a formal agreement with the lessor regarding the payment and processing of the fee.

An alternative form that may be related to this is SCDMV Form TI-002L. This form is similar to TI-002LV but is specifically designed for individual vehicle leasing rather than fleet or commercial leasing. The main difference between the two forms is the intended use and scope of the lease agreement.