2021 Oregon Revised Statutes
Chapter 072A - Leases
Section 72A.2080 - Modification, rescission and waiver.


(2) A signed lease agreement that excludes modification or rescission except by a signed writing may not be otherwise modified or rescinded, but, except as between merchants, such a requirement on a form supplied by a merchant must be separately signed by the other party.
(3) Although an attempt at modification or rescission does not satisfy the requirements of subsection (2) of this section, it may operate as a waiver.
(4) A party who has made a waiver affecting an executory portion of a lease contract may retract the waiver by reasonable notification received by the other party that strict performance will be required of any term waived, unless the retraction would be unjust in view of a material change of position in reliance on the waiver. [1989 c.676 §17]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 02 - Business Organizations, Commercial Code

Chapter 072A - Leases

Section 72A.1030 - Definitions and index of definitions.

Section 72A.1040 - Leases subject to other statutes.

Section 72A.1050 - Territorial application of act to goods covered by certificate of title.

Section 72A.1060 - Limitation on power of parties to consumer lease to choose applicable law and judicial forum.

Section 72A.1080 - Unconscionability.

Section 72A.2010 - Statute of frauds.

Section 72A.2020 - Final written expression; parol or extrinsic evidence.

Section 72A.2040 - Formation in general.

Section 72A.2060 - Offer and acceptance in formation of lease contract.

Section 72A.2080 - Modification, rescission and waiver.

Section 72A.2090 - Lessee under finance lease as beneficiary of supply contract.

Section 72A.2100 - Express warranties.

Section 72A.2110 - Warranties against interference and against infringement; lessee’s obligation against infringement.

Section 72A.2120 - Implied warranty of merchantability.

Section 72A.2140 - Exclusion or modification of warranties.

Section 72A.2150 - Cumulation and conflict of warranties express or implied.

Section 72A.2170 - Identification.

Section 72A.2180 - Insurance and proceeds.

Section 72A.2190 - Risk of loss.

Section 72A.2200 - Effect of default on risk of loss.

Section 72A.2210 - Casualty to identified goods.

Section 72A.3030 - Alienability of party’s interest under lease contract or of lessor’s residual interest in goods; delegation of performance; transfer of rights.

Section 72A.3040 - Subsequent lease of goods by lessor.

Section 72A.3050 - Sale or sublease of goods by lessee.

Section 72A.3070 - Priority of liens arising by attachment or levy on goods; priority of certain security interests in goods.

Section 72A.3080 - Special rights of creditors.

Section 72A.3090 - Lessor’s and lessee’s rights when goods become fixtures.

Section 72A.3095 - Fixture filing recorded and indexed as mortgage.

Section 72A.3100 - Lessor’s and lessee’s rights when goods become accessions.

Section 72A.4010 - Insecurity; adequate assurance of performance.

Section 72A.4020 - Anticipatory repudiation.

Section 72A.4030 - Retraction of anticipatory repudiation.

Section 72A.4040 - Substituted performance.

Section 72A.4050 - Excused performance.

Section 72A.4060 - Procedure on excused performance.

Section 72A.4070 - Irrevocable promises; finance leases.

Section 72A.5010 - Default; procedure.

Section 72A.5030 - Modification or impairment of rights and remedies.

Section 72A.5040 - Liquidation of damages.

Section 72A.5050 - Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies.

Section 72A.5060 - Statute of limitations.

Section 72A.5070 - Proof of market rent; time and place.

Section 72A.5080 - Lessee’s remedies.

Section 72A.5090 - Lessee’s rights on improper delivery; rightful rejection.

Section 72A.5100 - Installment lease contracts; rejection and default.

Section 72A.5110 - Merchant lessee’s duties as to rightfully rejected goods.

Section 72A.5120 - Lessee’s duties as to rightfully rejected goods.

Section 72A.5130 - Cure by lessor of improper tender or delivery; replacement.

Section 72A.5140 - Waiver of lessee’s objections.

Section 72A.5150 - Acceptance of goods.

Section 72A.5160 - Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable.

Section 72A.5170 - Revocation of acceptance of goods.

Section 72A.5180 - Cover; substitute goods.

Section 72A.5190 - Lessee’s damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods.

Section 72A.5200 - Lessee’s incidental and consequential damages.

Section 72A.5210 - Lessee’s right to specific performance or replevin.

Section 72A.5220 - Lessee’s right to goods on lessor’s insolvency.

Section 72A.5230 - Lessor’s remedies.

Section 72A.5240 - Lessor’s right to identify goods to lease contract.

Section 72A.5250 - Lessor’s right to possession of goods.

Section 72A.5260 - Lessor’s stoppage of delivery in transit or otherwise.

Section 72A.5270 - Lessor’s rights to dispose of goods.

Section 72A.5280 - Lessor’s damages for default.

Section 72A.5290 - Lessor’s action for the rent.

Section 72A.5310 - Standing to sue third parties for injury to goods.