Leases (Article 2A)

Leases under Article 2A govern the rental of personal property, like equipment or vehicles, rather than real estate. They outline rights and responsibilities of the lessor (owner) and lessee (renter), including lease terms, payments, and maintenance obligations. The law ensures clear agreements, defines what happens if either party breaches the contract, and provides protections for both sides. It separates these leases from real estate laws, giving specific rules to manage the leasing of movable property smoothly and fairly.