Common Contracts
1 similar Lease-Leaseback Contract contracts
Lease-Leaseback ContractsLease-Leaseback Contract • June 28th, 2021
The district may lease currently owned district property to any person, firm, or corporation for a minimum of $1 per year, for a term not to exceed 99 years, as long as the lease requires the person, firm, or corporation to construct a building or buildings on the property for the district's use during the lease and the property and building(s) will vest in the district at the expiration of the lease ("lease-leaseback"). (Education Code 17403, 17406)
