California Government Code 7263.5 – For purposes of Section 7263, the leasing of a condominium for a …
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For purposes of Section 7263, the leasing of a condominium for a 99-year period, or for a term which exceeds the life expectancy of the displaced person as determined from the most recent life tables in Vital Statistics of the United States, as published by the Public Health Service of the Department of Health, Education, and Welfare, shall be deemed a purchase of the condominium.
(Added by Stats. 1972, Ch. 1173.)
Terms Used In California Government Code 7263.5
- Person: means any individual, partnership, corporation, limited liability company, or association. See California Government Code 7260