Full question:
Can you sub lease a vehicle in the state of New Jersey?
- Category: Automobiles
- Subcategory: Lease
- Date:
- State: New Jersey
Answer:
The following is a NJ statute:
Restrictions on subleasing
2. a. No person shall arrange, for compensation, the transfer, assignment or sublease of any right or interest in a motor vehicle subject to a lease contract, conditional sale contract or security agreement unless the transfer, assignment or sublease is made in compliance with the terms of the lease contract, conditional sale contract or security agreement.
b. This prohibition shall not apply to a person who is a party to the lease contract, conditional sale contract or security agreement.
L.1995,c.77,s.2.
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