Registering Two Lessees on Reg 397
how customers sign reg 397 lessor two lessees wanting register jane joe smith?
Guide to Vehicle Registration Using REG 397
Registering a vehicle can be straightforward if you follow the necessary guidelines. This article provides clarity on the essential steps needed when completing form REG 397, particularly when there are multiple lessees involved.
Understanding Lessee and Lessor Roles
In scenarios where two individuals are leasing a vehicle (e.g., Jane and Joe Smith), it is crucial to understand the roles of both lessees and lessors in the registration process.
Lessor Responsibilities
- The Lessor must sign line 1A on form REG 397.
- The odometer section must also be completed by the Lessor.
Lessee Signatures
While signatures from lessees (Jane and Joe) are optional, it is vital that all required sections have appropriate signatures for successful processing of the registration. The absence of these signatures does not hinder registration but may lead to complications later on.
Importance of Odometer Reporting
If the Lessor's signature is missing from the odometer reporting section, additional paperwork will be required:
- A Form 262 must be submitted if there’s no signature present from the Lessor in this critical area.
Checklist for Successful Registration
- Lessor Signature: Ensure that line 1A is signed by the Lessor.
- Odometer Section: Complete this section with accurate readings and ensure it's signed by the Lessor.
- Lessees' Signatures: While optional, consider obtaining them for better documentation practices.
- Addendum Forms: Be prepared to submit Form 262 if any issues arise regarding odometer reporting due to missing signatures.