Sec. 4b-37. (Formerly Sec. 4-128c). Terms of option to buy in lease agreement.
78 words·~1 min read·
/ct/title-4b/chapter-59-state-real-property/4b-37·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In any lease entered into pursuant to sections 4b-35 to 4b-39 , inclusive, which grant the state an option to buy where the option price is to be paid in installments over a stated period of time, such installments shall be described in the lease so as to identify clearly those portions of the installments which represent interest, taxes or any other item the identification of which will promote the most economical and advantageous terms to the state.