Business & Commerce Code § 115.004

Sec. 115.004. ADDITIONAL DISCLOSURES FOR LEASE AGREEMENTS. In addition to the disclosures required under Section 115.003, 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(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.