N.Y. Personal Property Law 348 – Transactions subject to article by agreement
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§ 348. Transactions subject to article by agreement. Parties to a motor vehicle lease agreement that is not a retail lease agreement, as defined in subdivision five of section three hundred thirty-one of this article, because the vehicle is not being leased by a natural person primarily for personal, family or household use may agree in a writing signed by them that the agreement is subject to this article. If the parties so agree, the agreement is a retail lease agreement for the purposes of this article.
Terms Used In N.Y. Personal Property Law 348
- 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