SECTION 680.528. Lessor’s damages for nonacceptance or repudiation.
Latest version.
1(1) 2Except as otherwise provided with respect to damages liquidated in the lease agreement (s. 16680.50417) or otherwise determined pursuant to agreement of the parties (ss. 28671.102(2)29and 30680.50331), if a lessor elects to retain the goods or a lessor elects to dispose of the goods and the disposition is by lease agreement that for any reason does not qualify for treatment under s. 67680.527(2), 68or is by sale or otherwise, the lessor may recover from the lessee as damages a default of the type described in s. 91680.523(1)92or (3)(a), or if agreed, for other default of the lessee:
103(a) 104Accrued and unpaid rent as of the date of default if the lessee has never taken possession of the goods, or, if the lessee has taken possession of the goods, as of the date the lessor repossesses the goods or an earlier date on which the lessee makes a tender of the goods to the lessor.
160(b) 161The present value as of the date determined under paragraph (a) 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 market rent at the place where the goods were located on that date computed for the same lease term.
217(c) 218Any incidental damages allowed under s. 224680.53, 225less expenses saved in consequence of the lessee’s default.
234(2) 235If the measure of damages provided in subsection (1) is inadequate to put a lessor in as good a position as performance would have, the measure of damages is the present value of the profit, including reasonable overhead, the lessor would have made from full performance by the lessee, together with any incidental damages allowed under s. 292680.53, 293due allowance for costs reasonably incurred and due credit for payments or proceeds of disposition.
