Except in the case of a finance lease that is not a consumer lease, a lessee may revoke acceptance of a lot or commercial unit if the lessor defaults under the lease contract and the default substantially impairs the value of that lot or commercial unit to the lessee.
If the lease agreement so provides, the lessee may revoke acceptance of a lot or commercial unit because of other defaults by the lessor.
Revocation of acceptance must occur within a reasonable time after the lessee discovers or should have discovered the ground for it and before any substantial change in condition of the goods which is not caused by the nonconformity. Revocation is not effective until the lessee notifies the lessor.
A lessee who so revokes has the same rights and duties with regard to the goods involved as if the lessee had rejected them.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
§ 47-2A-502. Notice After Default
§ 47-2A-504. Liquidation of Damages
§ 47-2A-508. Lessee's Remedies
§ 47-2A-512. Lessee's Duties as to Rightfully Rejected Goods
§ 47-2A-514. Waiver of Lessee's Objections
§ 47-2A-515. Acceptance of Goods
§ 47-2A-517. Revocation of Acceptance of Goods
§ 47-2A-523. Lessor's Remedies
§ 47-2A-524. Lessor's Right to Identify Goods to Lease Contract
§ 47-2A-526. Lessor's Stoppage of Delivery in Transit or Otherwise
§ 47-2A-529. Lessor's Action for the Rent
§ 47-2A-530. Lessor's Incidental Damages
§ 47-2A-531. Standing to Sue Third Parties for Injury to Goods