§ 10532 Lessor Residual Interest Recovery

Commercial Code·California

AI SummaryVerified

This law says if someone rents something and breaks the rental agreement, the owner can ask for money to cover any loss or damage to the item.

Key Takeaways

•If you rent something and don't follow the rules, you might have to pay for any damage.
•The owner can ask for money to fix or cover the loss of the item.
•This is on top of any other money you might already owe.

Example

You rent a car and return it with a big scratch on the side.

The car rental company can ask you to pay for fixing the scratch because you damaged their car.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 10532 Lessor Residual Interest Recovery

In addition to any other recovery permitted by this division or other law, the lessor may recover from the lessee an amount that will fully compensate the lessor for any loss of or damage to the lessor’s residual interest in the goods caused by the default of the lessee. (Amended by Stats. 1991, Ch. 111, Sec. 69. Effective July 15, 1991.)

Last verified: January 10, 2026

Key Terms

lessor lessee residual interest default

References

Official text at leginfo.legislature.ca.gov
California Legislature. Commercial Code. Section 10532.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References