Section 215.116 - Franchised Dealership Lease or Sublease ListingA franchised dealer that lists its dealership for lease or sublease to mitigate damages in accordance with Occupations Code, § 2301.4651(e) is required to list:
(1) the entire real property if the termination or discontinuance effectively terminates all line-makes and all franchises for the entire dealership; or(2) only that portion of the real property associated with the terminated line-make or franchise, if the termination or discontinuance does not affect all line-makes and all franchises of the dealership.43 Tex. Admin. Code § 215.116
The provisions of this §215.116 adopted to be effective January 6, 2013, 37 TexReg 10255; Amended by Texas Register, Volume 42, Number 06, February 10, 2017, TexReg 578, eff. 2/13/2017; Amended by Texas Register, Volume 49, Number 17, April 26, 2024, TexReg 2720, eff. 6/1/2024