The operations of rental firms are subjected to several laws governing environmental protection and occupational health & safety matters. Depending, of course, on the location of the equipment, maintenance of operations across multiple locations exposes major players in the industry to several national, provincial and local regulations. Business operations can at times accordingly be adversely affected.
Rental Firm Regulation Costs
Cost increases, while complying with changes in laws & regulations, address the multiple aspects of operations such as consumer rights and worker safety across different jurisdictions are predominately isolated to Western countries due to their more centralized governmental powers. As a result, when buying, selling, renting, or leasing-out equipment, one must be alert to not only the type and brand of machine in question but also as to what guidelines are used in the obtaining of equipment in each jurisdiction such as the requirement of the knowledge of at least one of the three or four engines which a piece of machinery is equipped with.
Regulation Laws in Developing Countries
The developing world
Global Emission Regulations
Due to emission regulation variances around the world, when leasing or renting out equipment, it is important to understand the legal standards of where the equipment is being operated. How the machines are equipped will dictate when and to whom you can rent equipment, also, the residual value of the machine and whether you will have to buy a de-tiering kit in order to sell it overseas.