§ 1306.5. Tenants' rights in improvements.
101 words·~1 min read·
/us/cfr/t18/s§ 1306.5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Tenants of real property being acquired by TVA will be paid just compensation for any improvements owned by them, whether or not they might have a right to remove such improvements under the terms of their tenancy. Such payment will be made only upon the condition that all right, title, and interest of the tenant in such improvements shall be transferred to TVA and upon the further condition that the owner of the real property being acquired shall execute a disclaimer of any interest in said improvements. \[38 FR 3592, Feb. 8, 1973. Redesignated at 52 FR 48019, Dec. 17, 1987\]