77-1-909. Cancellation or termination of commercial lease.
112 words·~1 min read·
/mt/title-77/chapter-1/part-9/77-1-909·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
77-1-909 . Cancellation or termination of commercial lease. A commercial lease may be canceled at the option of the board or its designated representative for any violation of a lease provision. Upon cancellation or termination of a lease, the department may seek a new lessee in accordance with this part. If the costs of the commercial development have not been recovered by the state at the time of cancellation or termination, a subsequent lessee under this section shall reimburse the state for development costs, assessments, or fees only to the extent that the proportionate part of the costs, assessments, and fees to the state for obtaining the development have not been recovered.