{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.2A-527.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.2A-527.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.2A-527.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.2A-527.html"}],"law_id":73411,"edition_id":1,"section_id":73411,"structure_id":15201,"section_number":"8.2A-527","catch_line":"Lessor’s rights to dispose of goods","history":"1991, c. 536; 2003, c. 353.","full_text":"1\n\nAfter a default by a lessee under the lease contract of the type described in subsection (1) of § 8.2A-523 or subsection (3) (a) of § 8.2A-523 or after the lessor refuses to deliver or takes possession of goods (§ 8.2A-525 or § 8.2A-526), or, it agreed, after other default by a lessee, the lessor may dispose of the goods concerned or the undelivered balance thereof by lease, sale or otherwise.2\n\nExcept as otherwise provided with respect to damages liquidated in the lease agreement (§ 8.2A-504) or otherwise determined pursuant to agreement of the parties (§§ 8.1A-302 and 8.2A-503), if the disposition is by lease agreement substantially similar to the original lease agreement and the new lease agreement is made in good faith and in a commercially reasonable manner, the lessor may recover from the lessee as damages (i) accrued and unpaid rent as of the date of the commencement of the term of the new lease agreement, (ii) the present value, as of the same date of the total rent for the then remaining lease term of the original lease agreement minus the present value, as of the same date, of the rent under the new lease agreement applicable to that period of the new lease term which is comparable to the then remaining term of the original lease agreement, and (iii) any incidental damages allowed under § 8.2A-530, less expenses saved in consequence of the lessee’s default.3\n\nIf the lessor’s disposition is by lease agreement that for any reason does not qualify for treatment under subsection (2) of this section, or is by sale or otherwise, the lessor may recover from the lessee as if the lessor had elected not to dispose of the goods and § 8.2A-528 governs.4\n\nA subsequent buyer or lessee who buys or leases from the lessor in good faith for value as a result of a disposition under this section takes the goods free of the original lease contract and any rights of the original lessee even though the lessor fails to comply with one or more of the requirements of this title.5\n\nThe lessor is not accountable to the lessee for any profit made on any disposition. A lessee who has rightfully rejected or justifiably revoked acceptance shall account to the lessor for any excess over the amount of the lessee’s security interest (subsection (5) of § 8.2A-508).","order_by":null,"text":{"0":{"id":264195,"text":"After a default by a lessee under the lease contract of the type described in subsection (1) of § 8.2A-523 or subsection (3) (a) of § 8.2A-523 or after the lessor refuses to deliver or takes possession of goods (§ 8.2A-525 or § 8.2A-526), or, it agreed, after other default by a lessee, the lessor may dispose of the goods concerned or the undelivered balance thereof by lease, sale or otherwise.","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"next_prefix":"2"},"1":{"id":264196,"text":"Except as otherwise provided with respect to damages liquidated in the lease agreement (§ 8.2A-504) or otherwise determined pursuant to agreement of the parties (§§ 8.1A-302 and 8.2A-503), if the disposition is by lease agreement substantially similar to the original lease agreement and the new lease agreement is made in good faith and in a commercially reasonable manner, the lessor may recover from the lessee as damages (i) accrued and unpaid rent as of the date of the commencement of the term of the new lease agreement, (ii) the present value, as of the same date of the total rent for the then remaining lease term of the original lease agreement minus the present value, as of the same date, of the rent under the new lease agreement applicable to that period of the new lease term which is comparable to the then remaining term of the original lease agreement, and (iii) any incidental damages allowed under § 8.2A-530, less expenses saved in consequence of the lessee’s default.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"2":{"id":264197,"text":"If the lessor’s disposition is by lease agreement that for any reason does not qualify for treatment under subsection (2) of this section, or is by sale or otherwise, the lessor may recover from the lessee as if the lessor had elected not to dispose of the goods and § 8.2A-528 governs.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"3":{"id":264198,"text":"A subsequent buyer or lessee who buys or leases from the lessor in good faith for value as a result of a disposition under this section takes the goods free of the original lease contract and any rights of the original lessee even though the lessor fails to comply with one or more of the requirements of this title.","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"4":{"id":264199,"text":"The lessor is not accountable to the lessee for any profit made on any disposition. A lessee who has rightfully rejected or justifiably revoked acceptance shall account to the lessor for any excess over the amount of the lessee’s security interest (subsection (5) of § 8.2A-508).","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4"}},"ancestry":[{"id":15201,"edition_id":1,"name":"Default by Lessee","identifier":"C","label":"article","depth":3,"order_by":1,"parent_id":13913,"metadata":{},"date_created":"2026-06-26 03:52:55","date_modified":"2026-06-26 03:52:55","permalink":{"id":282663,"object_type":"structure","relational_id":15201,"identifier":"C","token":"8.2A\/5\/C","url":"\/8.2A\/5\/C\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13913,"edition_id":1,"name":"Default","identifier":"5","label":"part","depth":2,"order_by":1,"parent_id":12736,"metadata":{},"date_created":"2026-06-26 03:46:17","date_modified":"2026-06-26 03:46:17","permalink":{"id":282569,"object_type":"structure","relational_id":13913,"identifier":"5","token":"8.2A\/5","url":"\/8.2A\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12736,"edition_id":1,"name":"Commercial Code \u2014 Leases","identifier":"8.2A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":282367,"object_type":"structure","relational_id":12736,"identifier":"8.2A","token":"8.2A","url":"\/8.2A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58736,"structure_id":15201,"section_number":"8.2A-523","catch_line":"Lessor's remedies","url":"\/8.2A-523\/","token":"8.2A\/5\/C\/8.2A-523","metadata":false},{"id":57869,"structure_id":15201,"section_number":"8.2A-524","catch_line":"Lessor's right to identify goods to lease contract","url":"\/8.2A-524\/","token":"8.2A\/5\/C\/8.2A-524","metadata":false},{"id":72857,"structure_id":15201,"section_number":"8.2A-525","catch_line":"Lessor's right to possession of goods","url":"\/8.2A-525\/","token":"8.2A\/5\/C\/8.2A-525","metadata":false},{"id":83435,"structure_id":15201,"section_number":"8.2A-526","catch_line":"Lessor's stoppage of delivery in transit or otherwise","url":"\/8.2A-526\/","token":"8.2A\/5\/C\/8.2A-526","metadata":false},{"id":73411,"structure_id":15201,"section_number":"8.2A-527","catch_line":"Lessor's rights to dispose of goods","url":"\/8.2A-527\/","token":"8.2A\/5\/C\/8.2A-527","metadata":false},{"id":69309,"structure_id":15201,"section_number":"8.2A-528","catch_line":"Lessor's damages for nonacceptance or repudiation","url":"\/8.2A-528\/","token":"8.2A\/5\/C\/8.2A-528","metadata":false},{"id":80116,"structure_id":15201,"section_number":"8.2A-529","catch_line":"Lessor's action for the rent","url":"\/8.2A-529\/","token":"8.2A\/5\/C\/8.2A-529","metadata":false},{"id":83625,"structure_id":15201,"section_number":"8.2A-530","catch_line":"Lessor's incidental damages","url":"\/8.2A-530\/","token":"8.2A\/5\/C\/8.2A-530","metadata":false},{"id":70690,"structure_id":15201,"section_number":"8.2A-531","catch_line":"Standing to sue third parties for injury to goods","url":"\/8.2A-531\/","token":"8.2A\/5\/C\/8.2A-531","metadata":false},{"id":77975,"structure_id":15201,"section_number":"8.2A-532","catch_line":"Lessor's rights to residual interest","url":"\/8.2A-532\/","token":"8.2A\/5\/C\/8.2A-532","metadata":false}],"previous_section":{"id":83435,"structure_id":15201,"section_number":"8.2A-526","catch_line":"Lessor's stoppage of delivery in transit or otherwise","url":"\/8.2A-526\/","token":"8.2A\/5\/C\/8.2A-526","metadata":false},"next_section":{"id":69309,"structure_id":15201,"section_number":"8.2A-528","catch_line":"Lessor's damages for nonacceptance or repudiation","url":"\/8.2A-528\/","token":"8.2A\/5\/C\/8.2A-528","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.2A-527\/","history_text":"

This law was first created in 1991. The record of its establishment is cataloged in chapter 536 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1991 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2003, chapter 353<\/a>.<\/p>","references":[{"id":60750,"section_number":"8.2A-304","catch_line":"Subsequent lease of goods by lessor","order_by":null,"url":"\/8.2A-304\/"},{"id":58736,"section_number":"8.2A-523","catch_line":"Lessor's remedies","order_by":null,"url":"\/8.2A-523\/"},{"id":57869,"section_number":"8.2A-524","catch_line":"Lessor's right to identify goods to lease contract","order_by":null,"url":"\/8.2A-524\/"},{"id":72857,"section_number":"8.2A-525","catch_line":"Lessor's right to possession of goods","order_by":null,"url":"\/8.2A-525\/"},{"id":69309,"section_number":"8.2A-528","catch_line":"Lessor's damages for nonacceptance or repudiation","order_by":null,"url":"\/8.2A-528\/"},{"id":80116,"section_number":"8.2A-529","catch_line":"Lessor's action for the rent","order_by":null,"url":"\/8.2A-529\/"}],"refers_to":[{"id":84280,"section_number":"8.1A-302","catch_line":"Variation by agreement","order_by":null,"url":"\/8.1A-302\/"},{"id":86201,"section_number":"8.2A-503","catch_line":"Modification or impairment of rights and remedies","order_by":null,"url":"\/8.2A-503\/"},{"id":60366,"section_number":"8.2A-504","catch_line":"Liquidation of damages","order_by":null,"url":"\/8.2A-504\/"},{"id":62750,"section_number":"8.2A-508","catch_line":"Lessee's remedies","order_by":null,"url":"\/8.2A-508\/"},{"id":58736,"section_number":"8.2A-523","catch_line":"Lessor's remedies","order_by":null,"url":"\/8.2A-523\/"},{"id":72857,"section_number":"8.2A-525","catch_line":"Lessor's right to possession of goods","order_by":null,"url":"\/8.2A-525\/"},{"id":83435,"section_number":"8.2A-526","catch_line":"Lessor's stoppage of delivery in transit or otherwise","order_by":null,"url":"\/8.2A-526\/"},{"id":69309,"section_number":"8.2A-528","catch_line":"Lessor's damages for nonacceptance or repudiation","order_by":null,"url":"\/8.2A-528\/"},{"id":83625,"section_number":"8.2A-530","catch_line":"Lessor's incidental damages","order_by":null,"url":"\/8.2A-530\/"}],"permalink":{"id":282681,"object_type":"law","relational_id":73411,"identifier":"8.2A-527","token":"8.2A\/5\/C\/8.2A-527","url":"\/8.2A-527\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.2A-527\/","token":"8.2A\/5\/C\/8.2A-527","dublin_core":{"Title":"Lessor’s rights to dispose of goods","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.2A-527","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

1.<\/span> After a default<\/span> by a lessee under the lease contract<\/span> of the type described in subsection (1) of § 8.2A-523<\/a> or subsection (3) (a) of § 8.2A-523<\/a> or after the lessor refuses to deliver or takes possession<\/span> of goods (§ 8.2A-525<\/a> or § 8.2A-526<\/a>), or, it agreed, after other default<\/span> by a lessee, the lessor may dispose of the goods concerned or the undelivered balance thereof by lease, sale or otherwise. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Except as otherwise provided with respect to damages<\/span> liquidated in the lease agreement (§ 8.2A-504<\/a>) or otherwise determined pursuant to agreement of the parties (§§ 8.1A-302<\/a> and 8.2A-503<\/a>), if the disposition<\/span> is by lease agreement substantially similar to the original lease agreement and the new lease agreement is made in good faith and in a commercially reasonable manner, the lessor may recover from the lessee as damages<\/span> (i) accrued and unpaid rent as of the date of the commencement of the term of the new lease agreement, (ii) the present value, as of the same date of the total rent for the then remaining lease term of the original lease agreement minus the present value, as of the same date, of the rent under the new lease agreement applicable to that period of the new lease term which is comparable to the then remaining term of the original lease agreement, and (iii) any incidental damages<\/span> allowed under § 8.2A-530<\/a>, less expenses saved in consequence of the lessee’s default<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> If the lessor’s disposition<\/span> is by lease agreement that for any reason does not qualify for treatment under subsection (2) of this section, or is by sale or otherwise, the lessor may recover from the lessee as if the lessor had elected not to dispose of the goods and § 8.2A-528<\/a> governs. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> A subsequent buyer or lessee who buys or leases from the lessor in good faith for value as a result of a disposition<\/span> under this section takes the goods free of the original lease contract<\/span> and any rights of the original lessee even though the lessor fails to comply with one or more of the requirements of this title. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> The lessor is not accountable to the lessee for any profit made on any disposition<\/span>. A lessee who has rightfully rejected or justifiably revoked acceptance shall account to the lessor for any excess over the amount of the lessee’s security interest (subsection (5) of § 8.2A-508<\/a>). <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLESSOR’S RIGHTS TO DISPOSE OF GOODS (\u00a7 8.2A-527)\n\n1. After a default by a lessee under the lease contract of the type described in\nsubsection (1) of § 8.2A-523 or subsection (3) (a) of § 8.2A-523 or\nafter the lessor refuses to deliver or takes possession of goods (§\n8.2A-525 or § 8.2A-526), or, it agreed, after other default by a lessee,\nthe lessor may dispose of the goods concerned or the undelivered balance thereof\nby lease, sale or otherwise.\n\n2. Except as otherwise provided with respect to damages liquidated in the lease\nagreement (§ 8.2A-504) or otherwise determined pursuant to agreement of the\nparties (§§ 8.1A-302 and 8.2A-503), if the disposition is by lease\nagreement substantially similar to the original lease agreement and the new\nlease agreement is made in good faith and in a commercially reasonable manner,\nthe lessor may recover from the lessee as damages (i) accrued and unpaid rent as\nof the date of the commencement of the term of the new lease agreement, (ii) the\npresent value, as of the same date of the total rent for the then remaining\nlease term of the original lease agreement minus the present value, as of the\nsame date, of the rent under the new lease agreement applicable to that period\nof the new lease term which is comparable to the then remaining term of the\noriginal lease agreement, and (iii) any incidental damages allowed under §\n8.2A-530, less expenses saved in consequence of the lessee’s default.\n\n3. If the lessor’s disposition is by lease agreement that for any reason\ndoes not qualify for treatment under subsection (2) of this section, or is by\nsale or otherwise, the lessor may recover from the lessee as if the lessor had\nelected not to dispose of the goods and § 8.2A-528 governs.\n\n4. A subsequent buyer or lessee who buys or leases from the lessor in good faith\nfor value as a result of a disposition under this section takes the goods free\nof the original lease contract and any rights of the original lessee even though\nthe lessor fails to comply with one or more of the requirements of this title.\n\n5. The lessor is not accountable to the lessee for any profit made on any\ndisposition. A lessee who has rightfully rejected or justifiably revoked\nacceptance shall account to the lessor for any excess over the amount of the\nlessee’s security interest (subsection (5) of § 8.2A-508).\n\nHISTORY: 1991, c. 536; 2003, c. 353.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}