2013 Kentucky Revised Statutes CHAPTER 99 - URBAN RENEWAL AND REDEVELOPMENT 99.250 Temporary occupation of real property after acquisition and before development.
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99.250 Temporary occupation of real property after acquisition and before
development.
(1)
(2)
When title to real property has vested in a redevelopment corporation or city by
gift, grant, devise, purchase or otherwise, or in the city by condemnation
proceedings or otherwise, the redevelopment corporation or city, as the case
may be, may agree with the previous owners of such property, or any tenants
continuing to occupy or use it, or any other persons who may occupy or use or
seek to occupy or use such property, that such former owner, tenant or other
person may occupy or use such property upon the payment of a fixed sum of
money for a definite term or upon the payment periodically of an agreed sum of
money. Such occupation or use shall not be construed as a tenancy from
month to month, nor require the giving of notice by the redevelopment
corporation or the city, as the case may be, for the termination of such
occupation or use or the right to such occupation or use, but immediately upon
the expiration of the term for which payment has been made the
redevelopment corporation or city, as the case may be, shall be entitled to
possession of the real property and may maintain summary proceedings by
forcible detainer or otherwise, and shall be entitled to such other remedy as
may be provided by law for obtaining immediate possession thereof. A former
owner, tenant or other person occupying or using such property shall not be
required to give notice to the redevelopment corporation or city, as the case
may be, at the expiration of the term for which he has made payment for such
occupation or use, as a condition to his cessation of occupation or use and
termination of liability therefor.
In the event that a city has acquired real property for a redevelopment
corporation, the city shall, in transferring title to the redevelopment corporation,
deduct from the consideration or other moneys which the redevelopment
corporation has become obligated to pay to the city for such purpose, and
credit the redevelopment corporation with, the amounts received by the city as
payment for temporary occupation and use of the real property by a former
owner, tenant, or other person, as in this section provided, less the cost and
expense incurred by the city for the maintenance and operation of such real
property.
Effective:June 2, 1942
History: Created 1942 Ky. Acts ch. 36, sec. 15.
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