99.250 Temporary occupation of real property after acquisition and before
388 words·~2 min read·
/ky/99-250A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
development.
(1)When title to real property has vested in a redevelopment corporation or city by gift,
grant, devise, purchase or otherwise, or in the city by condemnation proceedings or
otherwise, the redevelopment corporation or city, as the case may be, may agree
with the previous owners of such property, or any tenants continuing to occupy or
use it, or any other persons who may occupy or use or seek to occupy or use such
property, that such former owner, tenant or other person may occupy or use such
property upon the payment of a fixed sum of money for a definite term or upon the
payment periodically of an agreed sum of money. Such occupation or use shall not
be construed as a tenancy from month to month, nor require the giving of notice by
the redevelopment corporation or the city, as the case may be, for the termination of
such occupation or use or the right to such occupation or use, but immediately upon
the expiration of the term for which payment has been made the redevelopment
corporation or city, as the case may be, shall be entitled to possession of the real
property and may maintain summary proceedings by forcible detainer or otherwise,
and shall be entitled to such other remedy as may be provided by law for obtaining
immediate possession thereof. A former owner, tenant or other person occupying or
using such property shall not be required to give notice to the redevelopment
corporation or city, as the case may be, at the expiration of the term for which he
has made payment for such occupation or use, as a condition to his cessation of
occupation or use and termination of liability therefor.
(2)In the event that a city has acquired real property for a redevelopment corporation,
the city shall, in transferring title to the redevelopment corporation, deduct from the
consideration or other moneys which the redevelopment corporation has become
obligated to pay to the city for such purpose, and credit the redevelopment
corporation with, the amounts received by the city as payment for temporary
occupation and use of the real property by a former owner, tenant, or other person,
as in this section provided, less the cost and expense incurred by the city for the
maintenance and operation of such real property.