Conn. Gen. Stat. § 42a-2A-721
This is the official text of Conn. Gen. Stat. § 42a-2A-721, part of Connecticut’s Gen. Stat — part of the compiled statutory law of Connecticut, published by the state as "Gen. Stat." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Sec. 42a-2A-721. Lessor's damages for nonacceptance, failure to pay or repudiation.
Official statutory text
(1) Accrued and unpaid rent as of the date of default if the lessee has never taken possession of the goods, or, if the lessee has taken possession of the goods, as of the date the lessor repossesses the goods or an earlier date on which the lessee makes a tender of the goods to the lessor;
(2) The present value, as of the date determined under subdivision (1) of this subsection, of the total rent for the then remaining period of the original lease agreement, minus the present value as of the same date of the market rent at the place where the goods are located computed for the same lease term; and
(3) Any incidental or consequential damages allowed under section 42a-2A-706 or 42a-2A-707 , less expenses saved in consequence of the lessee's default.
(b) If the measure of damages provided in subsection (a) of this section or section 42a-2A-720 is inadequate under subsection (a) of section 42a-2A-704 , a lessor may recover damages measured by other than the market price or the amount received on a disposition of the goods, together with incidental and consequential damages, including:
(1) The present value of lost profits, including reasonable overhead, resulting from the default of the lessee determined in any reasonable manner; and
(2) Reasonable expenditures made in preparing for or performing the contract.
(2) The present value, as of the date determined under subdivision (1) of this subsection, of the total rent for the then remaining period of the original lease agreement, minus the present value as of the same date of the market rent at the place where the goods are located computed for the same lease term; and
(3) Any incidental or consequential damages allowed under section 42a-2A-706 or 42a-2A-707 , less expenses saved in consequence of the lessee's default.
(b) If the measure of damages provided in subsection (a) of this section or section 42a-2A-720 is inadequate under subsection (a) of section 42a-2A-704 , a lessor may recover damages measured by other than the market price or the amount received on a disposition of the goods, together with incidental and consequential damages, including:
(1) The present value of lost profits, including reasonable overhead, resulting from the default of the lessee determined in any reasonable manner; and
(2) Reasonable expenditures made in preparing for or performing the contract.
Status: in_force · Read it on the official government site
Need a lawyer in Connecticut?
Find a Connecticut lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.