Colorado § 4-2.5-201 Statute of frauds

Colorado Statutes

§ 4-2.5-201 — Statute of frauds

Colorado § 4-2.5-201

Title 04Uniform

Art.Leases

This text of Colorado § 4-2.5-201 (Statute of frauds) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-2.5-201 (2026).

Text

(1)A lease contract is not enforceable by way of action or defense unless:

(a)The total payments to be made under the lease contract, excluding payments for options to renew or buy, are less than one thousand dollars; or

(b)There is a record, signed by the party against whom enforcement is sought or by that party's authorized agent, sufficient to indicate that a lease contract has been made between the parties and to describe the goods leased and the lease term.

(2)Any description of leased goods or of the lease term is sufficient and satisfies subsection (1)(b) of this section, whether or not it is specific, if it reasonably identifies what is described.

(3)A record is not insufficient because it omits or incorrectly states a term agreed upon, but the lease contract is no

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(1) A lease contract is not enforceable by way
of action or defense unless:

(a) The total payments to be made under the lease contract, excluding
payments for options to renew or buy, are less than one thousand dollars; or

(b) There is a record, signed by the party against whom enforcement is
sought or by that party's authorized agent, sufficient to indicate that a lease
contract has been made between the parties and to describe the goods leased and
the lease term.

(2) Any description of leased goods or of the lease term is sufficient and
satisfies subsection (1)(b) of this section, whether or not it is specific, if it
reasonably identifies what is described.

(3) A record is not insufficient because it omits or incorrectly states a term
agreed upon, but the lease contract is not enforceable under subsection (1)(b) of
this section beyond the lease term and the quantity of goods shown in the record.

(4) A lease contract that does not satisfy the requirements of subsection (1)
of this section, but which is valid in other respects, is enforceable:

(a) If the goods are to be specially manufactured or obtained for the lessee
and are not suitable for lease or sale to others in the ordinary course of the lessor's
business, and the lessor, before notice of repudiation is received and under
circumstances that reasonably indicate that the goods are for the lessee, has made
either a substantial beginning of their manufacture or commitments for their
procurement;

(b) If the party against whom enforcement is sought admits in that party's
pleading, testimony or otherwise in court that a lease contract was made, but the
lease contract is not enforceable under this provision beyond the quantity of goods
admitted; or

(c) With respect to goods that have been received and accepted by the
lessee.

(5) The lease term under a lease contract referred to in subsection (4) of this
section is:

(a) If there is a record signed by the party against whom enforcement is
sought or by that party's authorized agent specifying the lease term, the term so
specified;

(b) If the party against whom enforcement is sought admits in that party's
pleading, testimony, or otherwise in court a lease term, the term so admitted; or

(c) A reasonable lease term.

Legislative History

Source: L. 91: Entire article added, p. 279, � 1, effective July 1, 1992. L. 2023: (1)(b), (3), and (5)(a) amended, (SB 23-090), ch. 136, p. 529, � 15, effective August 7.