HRS §481M-4
What lease-purchase agreements cannot include
This section lists six things that a lease-purchase agreement cannot contain. It protects the person renting to own by banning certain legal tools and clauses that could hurt them. The agreement can only give the lessor a property interest in the goods actually rented.
landlordstenants
The statute, as written — Provisions prohibited in agreements
A lease-purchase agreement may not contain: (1) A confession of judgment; (2) A negotiable instrument; (3) A security interest or any other claim of a property interest in any goods except those goods delivered by the lessor pursuant to the lease-purchase agreement; (4) A wage assignment; (5) A waiver by the lessee of claims or defenses; or (6) A provision authorizing the lessor or a person acting on the lessor's behalf to enter upon the lessee's premises or to commit any breach of the peace in the repossession of goods.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.