We rent equipment. The value of the equipment and the cost of filing UCCs
on our equipment make such filings impractical. Any suggestions?
Answer: : Yes. Make certain
your rental agreement also grants you a security interest in your rented
equipment. Even though you will not 'perfect' this security interest,
the fact that a security interest exists is better than a situation in
which you are delivering equipment that might be co-mingled with your
customer's assets. |