The Florida Senate

680.523  Lessor's remedies.--

(1)  If a lessee wrongfully rejects or revokes acceptance of goods or fails to make a payment when due or repudiates with respect to a part or the whole, then, with respect to any goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole lease contract is substantially impaired (s. 680.51), the lessee is in default under the lease contract; and the lessor may:

(a)  Cancel the lease contract (s. 680.505(1));

(b)  Proceed respecting goods not identified to the lease contract (s. 680.524);

(c)  Withhold delivery of the goods and take possession of goods previously delivered (s. 680.525);

(d)  Stop delivery of the goods by any bailee (s. 680.526); or

(e)  Dispose of the goods and recover damages (s. 680.527), or retain the goods and recover damages (s. 680.528), or in a proper case recover rent (s. 680.529).

(2)  If a lessee is in default under the lease contract pursuant to subsection (1) or is otherwise in default under the lease contract, the lessor may exercise any of the rights and remedies provided for in this chapter if not effectively excluded or modified by the lease contract, or any rights and remedies effectively provided for in the lease contract.

History.--s. 1, ch. 90-278.