In landlord-tenant law, default refers to the failure of a tenant to timely pay rent due. In anticipation of such an occurence, landlords commonly require a new tenant to pay a security deposit, which may be used to remedy defaults in payment of rent and other monetary obligations under the rental agreement. In general, the landlord is required to give the tenant notice of the default before bringing eviction proceedings or applying security deposit proceeds to the payment in default. The fixing of a definite default date for payment of rent can be critical if it becomes necessary to evict a tenant for a default in the payment of rent. Landlords often require a background and/or reference check on prospective tenants in an attempt to minimize defaults in rent payments.
Default On Lease With Landstar
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FAQ
Landstar pays a percentage of the load, between 65% and 75% depending on trailer type and ownership, instead of a set rate per mile. This business model rewards owner-operators for securing higher paying loads instead of chasing miles.
Landstar System's top competitors include Roadrunner Freight, Covenant, ArcBest, GlobalTranz, Knight Transportation and Marten Transport.
There is no age restriction on the tractor; it must pass a Landstar certified DOT inspection. Also, Landstar Trucking Industry has inspection sites all over the country. Owner operators pick the closest one and that's where you would have your truck inspected.
According to the Landstar letter sent out Nov. 4, its leased owner-operators can move out of state and provide the company with proof of a new driver's license, get their own authority, or deliver a load into California, but they can't pick up a load in the state.
Payment percentages vary as follows: PULLING LANDSTAR-OWNED TRAILER: Landstar pay is 65% of freight revenue. PULLING THEIR OWN TRAILER: Landstar pay is between 70% and 75% of freight revenue, depending on trailer type: Van Trailer: 72%
