New Hampshire § 358-P:2 Definitions

New Hampshire Statutes

§ 358-P:2 — Definitions

New Hampshire § 358-P:2

Title XXXITRADE AND COMMERCE

Ch. 358-PRENT-TO-OWN AGREEMENT ACT

This text of New Hampshire § 358-P:2 (Definitions) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 358-P:2 (2026).

Text

In this chapter:

I."Advertisement" means a commercial message in any medium that solicits a consumer to enter a rent-to-own agreement.

II."Cash price" means the price at which the lessor would have sold the property to the consumer for cash on the date of the rent-to-own agreement.

III."Consumer" means a natural person who rents personal property under a rent-to-own agreement to be used primarily for personal, family or household purposes.

IV."Consummation" means the date on which a consumer enters into a rent-to-own agreement.

V."Rent-to-own agreement" means an agreement for the use of personal property by a natural person primarily for personal, family or household purposes, for an initial period of 4 months or less that is automatically renewable with each payment after the initial

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In this chapter:
I. "Advertisement" means a commercial message in any medium that solicits a consumer to enter a rent-to-own agreement.
II. "Cash price" means the price at which the lessor would have sold the property to the consumer for cash on the date of the rent-to-own agreement.
III. "Consumer" means a natural person who rents personal property under a rent-to-own agreement to be used primarily for personal, family or household purposes.
IV. "Consummation" means the date on which a consumer enters into a rent-to-own agreement.
V. "Rent-to-own agreement" means an agreement for the use of personal property by a natural person primarily for personal, family or household purposes, for an initial period of 4 months or less that is automatically renewable with each payment after the initial period, but does not obligate or require the consumer to continue renting or using the property beyond the initial period, and that permits the consumer to become the owner of the property.
VI. "Rent-to-own dealer" means a person who regularly provides the use of property through rent-to-own agreements and to whom rent payments are initially payable on the face of the rent-to-own agreement.