§ 10205 Irrevocable Lease Offer Terms

Commercial Code·California

AI SummaryVerified

This law says that if a business promises in writing to lease something and says the offer won't be taken back, they have to keep that promise for up to three months.

Key Takeaways

•If a business writes down a lease offer and says it won't be taken back, they must honor it.
•The offer stays open for the time they say, or up to three months if no time is given.
•If the promise is on a form you provide, the business must sign that part separately.

Example

A car dealership writes a signed note saying they will lease a car to you for $300 a month, and the offer is good for two months.

The dealership can't change their mind during those two months, even if they find a better deal. They have to stick to the price they promised.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 10205 Irrevocable Lease Offer Terms

An offer by a merchant to lease goods to or from another person in a signed record that by its terms gives assurance it will be held open is not revocable, for lack of consideration, during the time stated or, if no time is stated, for a reasonable time, but in no event may the period of irrevocability exceed three months. Any such term of assurance on a form supplied by the offeree must be separately signed by the offeror. (Amended by Stats. 2023, Ch. 210, Sec. 79. (SB 95) Effective January 1, 2024.)

Last verified: January 10, 2026

Key Terms

merchant lease goods signed record irrevocable three months separately signed

References

Official text at leginfo.legislature.ca.gov
California Legislature. Commercial Code. Section 10205.

§ 10205 Irrevocable Lease Offer Terms

Commercial Code·California

AI SummaryVerified

§ 10205 Irrevocable Lease Offer Terms

This law says that if a business promises in writing to lease something and says the offer won't be taken back, they have to keep that promise for up to three months.

Key Takeaways

•If a business writes down a lease offer and says it won't be taken back, they must honor it.
•The offer stays open for the time they say, or up to three months if no time is given.
•If the promise is on a form you provide, the business must sign that part separately.

Example

A car dealership writes a signed note saying they will lease a car to you for $300 a month, and the offer is good for two months.

The dealership can't change their mind during those two months, even if they find a better deal. They have to stick to the price they promised.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 10205 Irrevocable Lease Offer Terms

Last verified: January 10, 2026

Key Terms

merchant lease goods signed record irrevocable three months separately signed

References

Official text at leginfo.legislature.ca.gov
California Legislature. Commercial Code. Section 10205.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References