Del. Code tit. 6 § 7609

Current through 2024 Legislative Session Act Chapter 531

Section 7609 - Early purchase option

A lease purchase agreement must provide that at any time after the initial rental payment, the lessee may acquire ownership of the property by tendering 55 percent of the difference between the total of rental payments necessary to acquire ownership of the property and the total amount of rent paid for use of the property at that time.

6 Del. C. § 7609

68 Del. Laws, c. 59, §1.;