Florida § 680.1021 Scope

Florida Statutes

§ 680.1021 — Scope

Florida § 680.1021

TitleXXXIX

Ch. 680UNIFORM COMMERCIAL CODE: LEASES

This text of Florida § 680.1021 (Scope) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 680.1021 (2026).

Text

(1)This chapter applies to any transaction, regardless of form, that creates a lease and, in the case of a hybrid lease, applies to the extent provided in subsection (2).

(2)In a hybrid lease, both of the following apply:

(a)If the lease-of-goods aspects do not predominate: 1. Only the provisions of this chapter which relate primarily to the lease-of-goods aspects of the transaction apply, and the provisions that relate primarily to the transaction as a whole do not apply; 2. Section 608.209 applies if the lease is a finance lease; and 3. Section 608.407 applies to the promises of the lessee in a finance lease to the extent that the promises are consideration for the right to possession and use of the leased goods.

(b)If the lease-of-goods aspects predominate, this chapter applies to

Free access — add to your briefcase to read the full text and ask questions with AI

(1) This chapter applies to any transaction, regardless of form, that creates a lease and, in the case of a hybrid lease, applies to the extent provided in subsection (2).

(2) In a hybrid lease, both of the following apply: (a) If the lease-of-goods aspects do not predominate: 1. Only the provisions of this chapter which relate primarily to the lease-of-goods aspects of the transaction apply, and the provisions that relate primarily to the transaction as a whole do not apply; 2. Section 608.209 applies if the lease is a finance lease; and 3. Section 608.407 applies to the promises of the lessee in a finance lease to the extent that the promises are consideration for the right to possession and use of the leased goods. (b) If the lease-of-goods aspects predominate, this chapter applies to the transaction, but does not preclude application in appropriate circumstances of other law to aspects of the lease which do not relate to the lease of goods.