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2019 Delaware Code
Title 6 - Commerce and Trade
Chapter 76. Delaware Lease-Purchase Agreement Act
§ 7609 Early purchase option.
Universal Citation: 6 DE Code § 7609 (2019)
A lease purchase agreement must provide that at any time after the initial rental payment, the lessee may acquire ownership of the property by tendering 55 percent of the difference between the total of rental payments necessary to acquire ownership of the property and the total amount of rent paid for use of the property at that time.
68 Del. Laws, c. 59, ยง 1.
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