Free template · 5 min read
Owner-Operator Lease Agreement Review Checklist
Leasing on to a carrier can be a smart way to start, but the agreement determines your real take-home. Review these items before signing — and have a professional review anything you do not understand.
Key terms to review
- Pay structure: percentage vs. mileage and what it is based on
- Deductions: insurance, plates, ELD, trailer rent, escrow
- Fuel surcharge — who keeps it
- Escrow amount and how/when it is returned
- Chargebacks and any forced dispatch terms
- How settlements are calculated and how often you are paid
- Notice period and conditions to terminate
This is an educational checklist, not legal advice. Have an attorney review any lease before you sign.
Frequently asked questions
- What should I look for in an owner-operator lease?
- Focus on pay basis, every deduction, fuel surcharge, escrow return, and termination terms. Model your real take-home before signing.
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