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Current as of January 01, 2024 | Updated by Findlaw Staff
The seller in a sale-leaseback agreement may terminate the agreement at any time by returning the property to the buyer in substantially the same condition as when the agreement was entered, less reasonable wear. On return of the property the seller is liable only for rental and other allowed charges under the agreement accruing before the date of the return.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 342.009. Return of Property in Sale-leaseback Transaction - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-342-009/
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