(a) Lease-purchase agreements which comply with this chapter are not governed by the laws relating to:
(1) A “retail installment contract” or “contract” as defined in § 4301(9) of this title.
(2) A “security interest” as defined in § 1-201(35) of this title.
(b) This chapter does not apply to the following:
(1) Lease-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
(2) A lease of safe deposit box;
(3) A lease or bailment of personal property along with the lease of real property;
(4) A lease of an automobile; or
(5) The lease of real property and/or the fixed improvements thereon.
Structure Delaware Code
Chapter 76. DELAWARE LEASE-PURCHASE AGREEMENT ACT
§ 7602. Inapplicability of other laws; exempted transactions.
§ 7607. Lessee's reinstatement rights.
§ 7608. Prohibited provisions.
§ 7609. Early purchase option.
§ 7611. Prohibited provisions in lease-purchase agreement as void.
§ 7612. Receipts; acknowledgement of payment in full for ownership.
§ 7613. Award of reasonable attorneys' fees and court costs to prevailing party.
§ 7614. Waiver prohibited; severability.
§ 7615. Penalties; grace period for compliance; limitation of liability.