2025 Session
Last amended: 2024 session
§ 336.2A-107 — Waiver or Renunciation of Claim or Right After Default
Plain-Language Summary
A claim or right arising out of an alleged default or breach of warranty under a lease can be given up, in whole or in part, by a waiver or renunciation in a signed record that the aggrieved party delivers. No consideration (nothing given in exchange) is required for the waiver to be effective.
336.2A-107 WAIVER OR RENUNCIATION OF CLAIM OR RIGHT AFTER DEFAULT.
Any claim or right arising out of an alleged default or breach of warranty may be discharged in whole or in part without consideration by a waiver or renunciation in a signed record delivered by the aggrieved party.
History:
1989 c 232 art 1 s 2A-107; 2024 c 93 art 3 s 3
History: History: 1989 c 232 art 1 s 2A-107; 2024 c 93 art 3 s 3
Practical Notes
To give up a claim for a lease default or breach of warranty, the party with the claim can put the waiver in a signed record and deliver it; nothing needs to be received in exchange for it to count.