Is it necessary for a lessor to file under UCC for a true lease?

In the context of leasing and the UCC (Uniform Commercial Code), it is understood that a "true lease," which typically resembles a rental agreement rather than a sale of the asset, does not require the lessor to file under UCC Article 9. True leases are often considered as such because the lessor retains ownership and there is no transfer of the asset's title to the lessee.

Filing under UCC Article 9 is primarily concerned with secured transactions, where a lender has a secured interest in an asset. In the case of true leases, Article 2A governs lease agreements and does not necessitate filing because the lessor's interest in the property is not considered a security interest in the same way that a loan secured by collateral would be.

As a result, since the lessor's rights in a true lease do not create a security interest that would require protection by filing, it's accurate to state there is no filing requirement.