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Rhode Island Automatic Contract Renewal Law

Title 6     Commercial Law - General Regulatory Provisions

Chapter 6-13   Unfair Sales Practices


6-13-14  Automatic Lease Renewal -- Notice Required

(a)  For purpose of this section "AUTOMATIC LEASE RENEWAL"    means a provision in a written lease of personal property
 providing that, unless the lessee  gives written notice to the contrary, the lease shall be automatically  renewed for an additional term at the end of the initial lease term or at the end of any subsequent lease term.

(b)  Subject to the exclusions stated in subsection (d) of this section, every lessor of personal property  under a written  lease containing
an automatic lease renewal  SHALL GIVE WRITTEN NOTICE  to the lessee not  more than ninety (90) nor less than forty-five (45) days prior to the expiration of the lease term.  The  notice shall state the date upon which the lease term will expire and shall advise the lessee that the lease  will be AUTOMATICALLY RENEWED UNLESS THE LESSEE GIVES WRITTEN NOTICE TO THE CONTRARY.

(c)  In the event that the LESSOR FAILS TO GIVE NOTICE as required by subsection (b) of this section, the AUTOMATIC LEASE
RENEWAL SHALL BE VOIDABLE AT THE OPTION OF THE LESSEE.

(d)  This section shall not apply to any lease having a term of less than one year. This section shall not  apply to any lease wherein the fair
market value of the property being leased exceeds one hundred  thousand dollars ($100,000) on the date the lease is executed.



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