Subsection 1: Leasing

The leasing transactions referred to in this subsection are : 1. The leasing of capital goods or tools purchased with a view to such leasing by companies that remain the owners of the goods, where these transactions, however they may be classified, give the lessee the possibility of acquiring all or part of the leased goods, in return for an agreed price that takes into account, at least in part,…

In the event of a transfer of assets included in a leasing transaction, and for the duration of the transaction, the transferee is bound by the same obligations as the transferor, who remains the guarantor.

The provisions of the second and third paragraphs of article 3-1 of decree no. 53-960 of 30 September 1953 (1), as amended and supplemented by law no. 65-356 of 12 May 1965, do not apply to property leasing contracts. Under penalty of nullity, such contracts shall stipulate the conditions under which they may be terminated at the lessee’s request.

The transactions referred to in article L. 313-7 must be publicised in a manner determined by decree. This decree specifies the conditions under which failure to publicise the transaction will result in it not being enforceable against third parties.