56.819 Procedure upon change in ownership of leased premises.

141 words·~1 min read·/ky/chapter-56/56-819

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.