Kentucky Statutes 56.819 – Procedure upon change in ownership of leased premises
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(1) When there is a change in ownership in leased premises, the new owner shall furnish the Division of Real Properties, within the Department for Facilities and Support Services, with a copy of the deed or other instrument of conveyance by which the new owner acquired title to the property or the right to payment under the lease and other evidence in support of his claim to the payment of rent under the lease the Division of Real Properties may request. The Commonwealth shall change its records and redirect its rent payments accordingly.
(2) When the agency occupying leased premises or the Finance and Administration Cabinet receives information that a change in ownership has occurred, payments of rent shall be suspended until the Division of Real Properties learns the ownership of the premises and determines who is entitled to the rent.
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 83, effective June 20, 2005. — Created
1990 Ky. Acts ch. 512, sec. 10, effective July 13, 1990.
(2) When the agency occupying leased premises or the Finance and Administration Cabinet receives information that a change in ownership has occurred, payments of rent shall be suspended until the Division of Real Properties learns the ownership of the premises and determines who is entitled to the rent.
Terms Used In Kentucky Statutes 56.819
- Cabinet: means the Finance and Administration Cabinet. See Kentucky Statutes 56.440
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 83, effective June 20, 2005. — Created
1990 Ky. Acts ch. 512, sec. 10, effective July 13, 1990.