California Government Code 50512 – If the property is offered for lease at a monthly rental, all bids …
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If the property is offered for lease at a monthly rental, all bids shall be accompanied by a bond in the amount fixed by the legislative body.
(Amended by Stats. 1982, Ch. 517, Sec. 255.)
Terms Used In California Government Code 50512
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Legislative body: as used in this division , means board of supervisors in the case of a county or city and county, and city council or board of trustees in the case of a city, unless the context otherwise requires. See California Government Code 50002