{"data":{"id":"us-va/va.-code-59.1-207.25","jurisdiction":"us-va","citation":"Va. Code § 59.1-207.25","heading":"Renegotiations and extensions","body":"A. 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. However, events such as the following shall not be treated as renegotiations:1. The addition or return of property in a multiple-item agreement or the substitution of the lease property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five percent;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; and4. A lease or agreement involved in a court proceeding.B. No disclosures are required for any extension of a lease-purchase agreement.1988, c. 24.","path":["Title 59.1. TRADE AND COMMERCE","Chapter 17.4. VIRGINIA LEASE-PURCHASE AGREEMENT ACT"],"source_url":"https://law.lis.virginia.gov/vacode/59.1-207.25/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:17:49Z","sha256":"97c6d49b6c89a17b010311c8980631a20775ad973c99e30fc070df617ccd9ab4","source_id":"us-va","stale":true,"prev":"us-va/va.-code-59.1-207.24","next":"us-va/va.-code-59.1-207.26"},"notice":"GroundRules: Original legal text. Not legal advice."}