Tex. Bus. & Com. Code § 115.004

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 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.

Tex. Bus. and Comm. Code § 115.004

Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 768,Sec. 24.002, eff. 9/1/2023.

Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 768,Sec. 24.001, eff. 9/1/2023.

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 561,Sec. 1, eff. 9/1/2021.