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Code · Kentucky · Chapter 65 — General provisions applicable to counties, cities, and other local units

65.946 Maximum term for leases.

47 words·~1 min read·/ky/chapter-65/65-946

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

A lease for real property may have any term, including renewals, not to exceed forty
(40)years. A lease for personal property may have any term, including renewals, not to exceed the useful life of the personal property financed, determined in accordance with generally accepted accounting principles.
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