Texas Business and Commerce Code 115.003 – Lease, Sales, and Installation Disclosures
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Terms Used In Texas Business and Commerce Code 115.003
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- 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
A seller or lessor who enters into a purchase, lease, or power purchase agreement with a residential or small commercial customer for the operation of a distributed renewable generation resource shall provide to the customer in writing:
(1) contact information of the salesperson and installer of the generation resource;
(2) a description of all equipment to be installed;
(3) the cost of all equipment to be installed;
(4) a detailed accounting of fees associated with the installation or operation of the generation resource;
(5) representations, if any, made as part of the agreement regarding the expected operational performance and financial performance of the generation resource; and
(6) all applicable warranties.