Ohio Code § 1351.06
Ohio Code § 1351.06. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 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.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1351.06
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1351.06?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1351.06 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1351.06 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.