Skip to content
Georgia Commons
Menu

Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 1. SELLING AND OTHER TRADE PRACTICES · Article 23. LEASE-PURCHASE AGREEMENTS

10-1-689. Example of form.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. The following form is an example of the form which may be used to satisfy the disclosure requirements of subsection (b) of Code Section 10-1-682, requiring that the disclosures described in paragraphs (1), (2), (3), (4), (9), (12), and (13) of subsection (a) of Code Section 10-1-682 be made clearly, conspicuously, prominently, and together in sequence: LEASE-PURCHASE DISCLOSURES

  2. 1. Description of leased property:

  3. Item Quantity Serial # Mfg. Model Condition

  4. 2. Total payment due at beginning of contract:

  5. Lease payment:

  6. Delivery charge:

  7. Sales tax:

  8. Other:

  9. Total:

  10. 3. Lease payments:

  11. 1. You may renew the lease weekly or monthly as you choose.

  12. 2. The weekly rental is $ .

  13. 3. The monthly rental is $ .

  14. 4. Other charges:

  15. 1. Reinstatement fee $

  16. 2. (Specify all others)

  17. 5. Cost of lease:

  18. If you renew this lease each week/month for weeks/ months,

  19. you will pay a total of $ to own this property. This total in-

  20. cludes all costs included in the first lease payment.

  21. 6. Estimated fair market value of the leased property:

  22. The estimated fair market value of the property you are leasing

  23. is $ .

  24. 7. Cost of lease services:

  25. The difference between the amount in item 5 and item 6 above is

  26. $ . This is the cost of services to you under this lease if

  27. you elect to renew this lease for the number of terms necessary

  28. to acquire ownership of the leased property.

  29. I have read the above statement before signing this agreement.

  30. Date: Lessee:

  31. Date: Lessee:

Reading note: the printed indentation of one or more subsections was ambiguous, so their nesting is the extractor's best reading. The official page linked below settles any doubt.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 10-1-689, enacted by Ga. L. 1985, p. 1341, § 1; Ga. L. 2000, p. 136, § 10.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t10-(v8)-2024-pdf.pdf, Volume V8, 2024 edition, pages 507 to 509; merge action: carried; file SHA-256 7afbade16da7.