Title 05 · CRS Title 05

Balloon payments

Citation: C.R.S. § 5-10-503

Section: 5-10-503

5-10-503. Balloon payments. A lessee shall not be required to make a payment in addition to regular lease payments in order to acquire ownership of the lease property, nor shall the lessee be required to pay lease payments totaling more than the cost to acquire ownership, as provided in section 5-10-401 (1)(b). Source: L. 90: Entire article added, p. 371, � 1, effective January 1, 1991.