Ohio Code 1351.03 – Provisions prohibited in lease-purchase agreement
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(A) A lease-purchase agreement shall not contain a provision that requires a lessee to do any of the following:
Terms Used In Ohio Code 1351.03
- Counterclaim: A claim that a defendant makes against a plaintiff.
- Probable cause: A reasonable ground for belief that the offender violated a specific law.
- Property: means real and personal property. See Ohio Code 1.59
(1) Execute a warrant of attorney to confess judgment;
(2) Authorize the lessor or an agent of the lessor to commit a breach of the peace in the repossession of property that is the subject of the lease-purchase agreement;
(3) Waive a defense, counterclaim, or any right the lessee has against the lessor or an agent of the lessor.
(B) No lease-purchase agreement shall provide that mere failure to return property constitutes probable cause for a criminal action.