Kentucky Statutes 65.952 – Title to property subject to the lease
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A lease may provide that legal title to the real property or personal property subject to the lease may be vested in the governmental agency or in the person acting as lessor under the lease and may be transferred from one to the other under terms provided in the lease.
Effective: July 13, 1990
History: Created 1990 Ky. Acts ch. 81, sec. 7, effective July 13, 1990.
Effective: July 13, 1990
Terms Used In Kentucky Statutes 65.952
- 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
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
History: Created 1990 Ky. Acts ch. 81, sec. 7, effective July 13, 1990.