California Public Resources Code 6994 – Leases under this article shall be for terms not to exceed 20 years …
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Leases under this article shall be for terms not to exceed 20 years with the preferential right in the lessee to renew the lease for successive periods not to exceed 10 years upon such reasonable terms and conditions as may be prescribed by the commission.
(Amended by Stats. 1963, Ch. 705.)
Terms Used In California Public Resources Code 6994
- 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