Terms Used In N.Y. Personal Property Law 349

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

The provisions of subdivision one of section three hundred thirty-five, section three hundred thirty-six and subdivision eleven of section lease agreements” class=”unlinked-ref” datatype=”S” sessionyear=”2019″ statecd=”NY” title=”Personal Property”>three hundred thirty-seven of this article shall apply to a retail lease of a single motor vehicle for any use.