A medallion license only lease agreement is an agreement where the lessor is the licensee and the lessee has an ownership interest in the vehicle to be used with the license.
Medallion license only leases must be for at least a continuous one-week period.
The maximum weekly lease rate for a medallion license only lease is $275.00 per week for non-wheelchair accessible vehicles; and $350 per week if the medallion is leased for use on a wheelchair accessible vehicle.
(Added Coun. J. 1-18-12, p. 19118, § 1; Amend Coun. J. 6-6-12, p. 28356, § 17)