District of Columbia § 42-3671.09 Renegotiations and extension.

District of Columbia Statutes

§ 42-3671.09 — Renegotiations and extension.

District of Columbia § 42-3671.09

Title 42Real Property.

Ch. 36BLease-Purchase Agreements.

This text of District of Columbia § 42-3671.09 (Renegotiations and extension.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 42-3671.09 (2026).

Text

(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 lea

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(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.