§ 17451 Lease Agreement Bidding Requirements

Education Code·California

AI SummaryVerified

Key Takeaways

•Before you can lease or lease-to-buy something, you have to follow the rules for bids and contracts.
•Every contract must show two prices: the total price if you buy it outright and the total cost if you lease it for the whole time.
•This rule is for government or official contracts, not for regular people renting a car or apartment.

Example

A school wants to lease new computers for 5 years.

The school must follow the bidding rules and the contract must show two prices: the total cost to buy all the computers now and the total cost to lease them for 5 years.

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

Official Source

View on CA.gov

§ 17451 Lease Agreement Bidding Requirements

Before a lease or lease-purchase agreement may be entered into the lessee shall comply with all applicable provisions for bids and contracts prescribed by Article 3 (commencing with Section 17595) of Chapter 5 of this part. Each contract shall show the total price for an outright purchase of any item and also its total cost for the entire specified term of the contract. (Added by Stats. 1996, Ch. 277, Sec. 3. Effective January 1, 1997. Operative January 1, 1998.)

Last verified: January 23, 2026

Key Terms

lease lease-purchase agreement Article 3 Chapter 5 total price total cost

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 17451.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References