Delaware Statutes
§ 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.
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Legislative History
68 Del. Laws, c. 59, § 1
Nearby Sections
15
§ 7601
Definitions§ 7603
Disclosures§ 7604
Form requirements§ 7605
Blank spaces§ 7606
Advertising§ 7608
Prohibited provisions§ 7609
Early purchase option§ 7610
Exempted transaction