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Can you summarize NHRS 382-A:2A-529?
UNIFORM COMMERCIAL CODE > Lessor's Action for the Rent.
Short Summary
This legal document, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the lessor’s action for the rent in lease contracts. It outlines the circumstances under which the lessor can recover damages from the lessee for goods accepted or identified in the lease contract. The damages include accrued and unpaid rent, the present value of rent for the remaining lease term, and any incidental damages allowed under Section 2A-530. The lessor is required to hold identified goods for the remaining lease term, but can dispose of them before collecting the judgment for damages. Payment of the judgment entitles the lessee to use and possess the remaining goods in accordance with the lease agreement. In case of default by the lessee, the lessor may also be awarded damages for non-acceptance. No specific penalties or exemptions are mentioned in this document.
Whom does it apply to?
Lessees and lessors involved in lease contracts
What does it govern?
Lessor's action for the rent
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
New Hampshire