Texas Business and Commerce Code 94.003 – Restrictions On Lessor Concerning Excess Wear and Use Waiver
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Terms Used In Texas Business and Commerce Code 94.003
- 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 lessor may not:
(1) sell an excess wear and use waiver, unless:
(A) the lease agreement containing the excess wear and use waiver complies with this chapter; and
(B) the lessee agrees to the excess wear and use waiver in writing; or
(2) impose or require the purchase of an excess wear and use waiver as a condition of entering into a lease agreement.