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Terms Used In Utah Code 70C-2-203

  • Dwelling: means a residential structure attached to real property that contains one to four units including any of the following if used as a residence:
         (5)(a) a condominium unit;
         (5)(b) a cooperative unit;
         (5)(c) a manufactured home; or
         (5)(d) a house. See Utah Code 70C-1-302
  • 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, in order to secure the debt arising from a consumer lease, may not take a security interest in the dwelling of the lessee. A security interest taken in violation of this section is void from its inception.