Ohio Rev. Code » Chapter 1351
Ohio Revised Code

Ohio Rev. Code § 1351.01 (2026)

Lease-purchase agreement definitions

✓ laws through the 2026 session (checked Sept. 2026)
Find cases: SyfertCases citing this section ORCcodes.ohio.gov (official) Justiaon Justia CornellLII Search CasesGoogle Scholar
Effective:
October 3, 2023
Latest Legislation:
House Bill 33 - 135th General Assembly
PDF:
Download Authenticated PDF
 

As used in this chapter:

(A) "Advertisement" means any written, visual, or oral communication made to a lessee or prospective lessee by means of personal representation, newspaper, magazine, circular, billboard, direct mailing, sign, radio, television, telephone, or other means of communication, that aids, promotes, or assists, directly or indirectly, a lease-purchase agreement.

(B) "Cash price" means the price at which a lessor in the ordinary course of business would offer the property that is the subject of a lease-purchase agreement to the lessee for cash on the date of the lease-purchase agreement. It may include sales taxes.

(C) "Lessee" means an individual who leases personal property pursuant to a lease-purchase agreement.

(D) "Lessor" means a person who, in the ordinary course of business, regularly offers to lease or arranges for personal property to be leased pursuant to a lease-purchase agreement.

(E) "Personal property" means any property that is not real property under the laws of the state where it is located when it is offered or made available for a lease-purchase agreement.

(F) "Lease-purchase agreement" means an agreement for the use of personal property by an individual primarily for personal, family, or household purposes for an initial period of four months or less that is automatically renewable with each lease payment after the initial period and that permits the lessee to acquire ownership of the property. It does not include any of the following:

(1) A lease for agricultural, business, or commercial purposes;

(2) A lease made to an organization;

(3) A lease of money or intangible personal property;

(4) A lease of a motor vehicle as defined in section 4501.01 of the Revised Code.

(G) "Lease-purchase property" means personal property that is owned by the lessor at the time it is physically displayed and offered for lease-purchase to the consumer, and prior to execution of any lease-purchase agreement.

Last updated September 12, 2023 at 3:35 PM

Notes of Decisions
Cited in 9 cases, 1988–2020 · leading case: In re White, 109 B.R. 768 (Bankr. S.D. Ohio 1989).
Sort: Relevance Newest Treatment
In re White, 109 B.R. 768 (Bankr. S.D. Ohio 1989). · cites it 20× “As a result, Ohio law now provides that a “ ‘retail installment sale’ does not include a lease-purchase agreement as defined in division (F) of section 1351.01 of the Ohio Revised Code.”
In re Mitchell, 108 B.R. 166 (Bankr. S.D. Ohio 1989). · cites it 18× “As a result, Ohio law now provides that a “ ‘retail installment sale’ does not include a lease-purchase agreement as defined in division (F) of section 1351.01 of the Ohio Revised Code.”
Goree v. Northland Auto Ents. Inc., 2020-Ohio-3457. “The parties agree that Northland’s Ren’T’Own program was eventually discontinued in Ohio because Ohio’s Lease-Purchase Statute — R.C. 1351.01 — excludes automobiles. However, Goree alleges that Appellants nevertheless implemented the Ren’T’Own program in Ohio during the time…”
Brown Motors Leasing v. Reucher, 608 N.E.2d 1162 (Ohio Ct. App. 6th Dist. 1992). · cites it 2× “01(KK) (UCC 1-201[37]) provides in pertinent part: “Whether a lease, other than a lease-purchase agreement as defined in division (F) of section 1351.01 of the Revised Code, is intended as security is to be determined by the facts of each case, except that (a) the inclusion of…”
In re Harris, 102 B.R. 128 (Bankr. S.D. Ohio 1989). · cites it 2× “” Ohio Rev.Code § 1351.01(F). As such, pursuant to Ohio Revised Code §§ 1301.”
Army v. Dunlap, 2017-Ohio-9084, 101 N.E.3d 1085. · cites it 3× “" The trial court reasoned that a lease with an option to purchase a mobile home was improper under the trial court's interpretation of *1090 R.C. 1351.01, and that a mobile home could not be the subject of a lease-purchase agreement.”
Nat'l Enter., Inc. v. Smith, 913 F. Supp. 534 (E.D. Mich. 1996). “” Ohio Rev.Code § 1351.01(F)(4). Motor yachts are defined as motor vehicles under this provision.”
Ledford v. NRM, Inc. (In re Rose), 94 B.R. 103 (Bankr. S.D. Ohio 1988). “The Ohio General Assembly has recently enacted legislation which defines lease purchase agreements [Ohio Revised Code § 1351.01(F) effective June 29, 1988] and amends Ohio Revised Code § 1301.”
Matter of Rose, 94 B.R. 103 (Bankr. S.D. Ohio 1988). “The Ohio General Assembly has recently enacted legislation which defines lease purchase agreements [Ohio Revised Code § 1351.01(F) effective June 29, 1988] and amends Ohio Revised Code § 1301.”
Ohio Rev. Code § 1351.01(F): 6 cases
In re White, 109 B.R. 768 (Bankr. S.D. Ohio 1989). “As a result, Ohio law now provides that a “ ‘retail installment sale’ does not include a lease-purchase agreement as defined in division (F) of section 1351.01 of the Ohio Revised Code.”
In re Mitchell, 108 B.R. 166 (Bankr. S.D. Ohio 1989). “As a result, Ohio law now provides that a “ ‘retail installment sale’ does not include a lease-purchase agreement as defined in division (F) of section 1351.01 of the Ohio Revised Code.”
In re Harris, 102 B.R. 128 (Bankr. S.D. Ohio 1989). “” Ohio Rev.Code § 1351.01(F). As such, pursuant to Ohio Revised Code §§ 1301.”
Army v. Dunlap, 2017-Ohio-9084, 101 N.E.3d 1085. “" The trial court reasoned that a lease with an option to purchase a mobile home was improper under the trial court's interpretation of *1090 R.C. 1351.01, and that a mobile home could not be the subject of a lease-purchase agreement.”
Ledford v. NRM, Inc. (In re Rose), 94 B.R. 103 (Bankr. S.D. Ohio 1988). “The Ohio General Assembly has recently enacted legislation which defines lease purchase agreements [Ohio Revised Code § 1351.01(F) effective June 29, 1988] and amends Ohio Revised Code § 1301.”
Ohio Rev. Code § 1351.01(F)(4): 1 case
Nat'l Enter., Inc. v. Smith, 913 F. Supp. 534 (E.D. Mich. 1996). “” Ohio Rev.Code § 1351.01(F)(4). Motor yachts are defined as motor vehicles under this provision.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.