C.R.S. § 38-12-1400.3: Definitions.

As used in this part 14, unless the context otherwise requires:

(1) "Purchase payment" means any kind of payment that is credited to the purchaser toward the purchase price of a mobile home, regardless of how the payment is denominated.

(2) "Rent-to-own contract" means any rent-to-own, lease-to-own, purchase option, or other agreement in which the purchaser of a mobile home agrees to or receives the option to purchase the mobile home over a period mutually agreed upon with the seller of the mobile home.