North Dakota Code 48-02.1-06 – Lease term

Current as of: 2023 | Check for updates | Other versions

A lease for public facilities must be for terms of no more than fifty years and must be reviewed and may be revised every five years.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}