Tex. Bus. & Com. Code Section 115.004
Additional Disclosures for Lease Agreements

In addition to the disclosures required under Section 115.003 (Lease, Sales, and Installation Disclosures), a lessor shall provide to a leasing residential or small commercial customer in writing:

(1)

the term and rate of the lease, including any payment escalators or other terms that affect the customer’s payments; and

(2)

a statement of whether the lease and any applicable warranty or maintenance agreement is transferable to a subsequent purchaser of the property where the distributed renewable generation resource is installed.
Added by Acts 2021, 87th Leg., R.S., Ch. 561 (S.B. 398), Sec. 1, eff. September 1, 2021.
Redesignated by Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.001 (Short Title)(1), eff. September 1, 2023.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 768 (H.B. 4595), Sec. 24.002(1), eff. September 1, 2023.

Source: Section 115.004 — Additional Disclosures for Lease Agreements, https://statutes.­capitol.­texas.­gov/Docs/BC/htm/BC.­115.­htm#115.­004 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 115.004’s source at texas​.gov