A rental purchase agreement must provide that, at any time after the initial payment, the lessee may acquire ownership of the property by complying with the terms of an early purchase option that must be clearly set forth in the rental purchase agreement.
R.I. Gen. Laws § 6-44-6
Early purchase option
Known as the The Rhode Island Rental Purchase Agreement Act
The act spans §§ 6–6 (10 sections).
P.L. 1989, ch. 481, § 1; P.L. 2014, ch. 528, § 31.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.