Florida Statutes Part IV - Performance Of Lease Contract: Repudiated, Substituted, And Excused (Ss. 680.401-680.407)

• 680.401 - Insecurity: Adequate Assurance Of Performance.
  (1) A lease contract imposes an obligation on each party that the other’s expectation of receiving due performance will not be impaired.(2) If reasonable grounds for insecurity...
• 680.402 - Anticipatory Repudiation.
  If either party repudiates a lease contract with respect to a performance not yet due under the lease contract, the loss of which performance will...
• 680.403 - Retraction Of Anticipatory Repudiation.
  (1) Until the repudiating party’s next performance is due, the repudiating party can retract the repudiation unless, since the repudiation, the aggrieved party has canceled the...
• 680.404 - Substituted Performance.
  (1) If, without fault of the lessee, the lessor, and the supplier, the agreed berthing, loading, or unloading facilities fail or the agreed type of carrier...
• 680.405 - Excused Performance.
  Subject to s. 680.404 on substituted performance, the following rules apply:(1) Delay in delivery or nondelivery in whole or in part by a lessor or a...
• 680.406 - Procedure On Excused Performance.
  (1) If the lessee receives notification of a material or indefinite delay or an allocation justified under s. 680.405, the lessee may by written notification to...
• 680.407 - Irrevocable Promises: Finance Leases.
  (1) In the case of a finance lease that is not a consumer lease, the lessee’s promises under the lease contract become irrevocable and independent upon...

Last modified: September 23, 2016