Heavy Equipment - What is the definition of short-term lease or rental, and what are some business examples?

Short-term lease or rental applies to a lease or rental that is made under a written agreement to lease or rent property to the same person for a period of less than 365 continuous days.

Subject business will include, but is not limited to, the following:

• Equipment rental agencies
• Equipment sales dealers

• Any other establishment, place of business, or enterprise maintaining facilities that rent heavy equipment as the principal part of their business