Ohio § 1351.06
Full text of Ohio Ohio Revised Code § 1351.06, with citation guidance and answers to common questions.
§ 1351.06.
(A) No lessor shall offer a lease-purchase agreement in which fifty per cent of all lease
payments necessary to acquire ownership of the leased property exceed the cash price
of the leased property. When fifty per cent of all lease payments made by a lessee equals the cash price
of the property disclosed to the lessee pursuant to division (A)(11) of section 1351.02 of the Revised Code , the lessee shall acquire ownership of the leased property and the lease-purchase
agreement shall terminate. (B) At any time after tendering an initial lease payment, a lessee may acquire ownership
of the property that is the subject of the lease-purchase agreement by tendering an
amount equal to the amount by which the cash price of the leased property exceeds
fifty per cent of all lease payments made by the lessee.
Frequently Asked Questions About Ohio § 1351.06
What does Ohio Revised Code § 1351.06 cover?
Section 1351.06 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1351.06?
A common citation format is "Ohio Revised Code § 1351.06" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1351.06 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.