§ 81331 Lease Purchase Agreement Definition

• •A 'lease or agreement' includes something called a 'lease purchase agreement'.
• •This means if you have a deal where you rent something with an option to buy it later, it counts as a lease under this law.

You rent a car with a deal that lets you buy it after a year.

This deal is called a 'lease purchase agreement,' and the law treats it the same as a regular lease.