§ 62A.2A-208. Modification, rescission, and waiver
(1) An agreement modifying a lease contract needs no consideration to be binding.
(2) A signed lease agreement that excludes modification or rescission except by a signed writing may not be otherwise modified or rescinded, but, except as between merchants, such a requirement on a form supplied by a merchant must be separately signed by the other party.
(3) Although an attempt at modification or rescission does not satisfy the requirements of subsection (2) of this section, it may operate as a waiver.
(4) A party who has made a waiver affecting an executory portion of a lease contract may retract the waiver by reasonable notification received by the other party that strict performance will be required of any term waived, unless the retraction would be unjust in view of a material change of position in reliance on the waiver.
[1993 c 230 § 2A-208.]
Notes:
Effective date -- 1993 c 230: See RCW 62A.11-110.
Sections: Previous 62A.2A-201 62A.2A-202 62A.2A-203 62A.2A-204 62A.2A-205 62A.2A-206 62A.2A-207 62A.2A-208 62A.2A-209 62A.2A-210 62A.2A-211 62A.2A-212 62A.2A-213 62A.2A-214 62A.2A-215 Next
Last modified: April 7, 2009