---
title: O.C.G.A. § 10-1-686. Right to reinstatement of agreement by lessee failing to make timely payments; fees; substitute items.
collection: code
id: 10-1-686
cite_as: O.C.G.A. § 10-1-686 (2025)
canonical_url: https://georgiacommons.org/code/10-1-686
md_url: https://georgiacommons.org/code/10-1-686.md
text_url: https://georgiacommons.org/code/10-1-686/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t10-(v8)-2024-pdf.pdf?sfvrsn=1992b47e_0#page=506
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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previous: https://georgiacommons.org/code/10-1-685.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCE AND TRADE / SELLING AND OTHER TRADE PRACTICES / LEASE-PURCHASE AGREEMENTS
---

# O.C.G.A. § 10-1-686. Right to reinstatement of agreement by lessee failing to make timely payments; fees; substitute items.

(a) A lessee who fails to make timely periodic payments shall have the right to reinstate the original lease-purchase agreement without losing any rights or options previously acquired under the lease-purchase agreement if both of the following apply:

(1) The lessee has not missed more than three periodic payments; and

(2) One periodic payment has been missed and the lessee has surrendered the item to the lessor, if requested by the lessor, during the time in which payments were missed.

(b) A lessee shall not be charged more than one reinstatement fee per missed periodic payment. A reinstatement fee shall equal the outstanding balance of any missed payments plus a charge which shall not exceed $5.00 per missed payment. A delivery fee not to exceed the original delivery fee may be charged if redelivery of an item is necessary.

(c) If reinstatement occurs pursuant to this Code section, the lessor shall provide the lessee with either the same item leased by the lessee prior to reinstatement or a substitute item of comparable quality and condition. If a substitute item is provided, the lessor shall provide the lessee with all of the information required in Code Section 10-1-682.

## History

Code 1981, § 10-1-686, enacted by Ga. L. 1985, p. 1341, § 1.