D.C. Code § 42-3671.09: Renegotiations and extension.
Where this section sits in the code
- Title 42. Real Property.
- Chapter 36B. Lease-Purchase Agreements.
(a)
Renegotiation shall occur when an existing lease-purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures; provided, that renegotiation shall not include events of the following nature:
(1)
The addition or return of property in a multiple-item agreement or the substitution of the lease property if the average payment allocable to the payment period is not changed by more than 25%;
(2)
A deferral or extension of one or more periodic payments, or portions of a periodic payment;
(3)
A reduction in charges in the lease or agreement; or
(4)
A lease agreement involved in a court proceeding.
(b)
No disclosures shall be required for an extension of a lease-purchase agreement.
Collected 2026-08-29T05:44:07Z. Source file · JSON