Chicago Taxi Lease Agreement

We also rent vehicles from drivers. Most of our vehicles are newer and hybrid vehicles. Call us for information about the rental fees we pay our customers at 773-784-2000. Our company pays 2 months rental fee in advance. If an owner succeeds in selling his medallion before the termination of the contract, we will not respect the contract, provided that we obtain a first right of refusal. As part of our agreement, Medallion Management will equip equipped vehicles that meet the requirements of the city. Our contracts are usually between two and three years. We take care of all costs related to the operation of the vehicle and all city costs due. These include the ground transportation tax, the annual renewal fee, license plates, the municipal sticker, as well as all parking tickets and fines. The owner of the medallion is responsible for paying the annual franchise tax for the renewal of the organization and all public and federal taxes related to income….