Sec. 113.004. ADDITIONAL DISCLOSURES FOR LEASE AGREEMENTS. In addition to the disclosures required under Section 113.003, 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.
Added by Acts 2021, 87th Leg., R.S., Ch. 561 (S.B. 398), Sec. 1, eff. September 1, 2021.
Structure Texas Statutes
Title 5 - Regulation of Businesses and Services
Subtitle C - Business Operations
Chapter 113 - Sales and Leasing of Distributed Renewable Generation Resources
Section 113.002. Applicability
Section 113.003. Lease, Sales, and Installation Disclosures
Section 113.004. Additional Disclosures for Lease Agreements