Kansas Statutes 76-2007b. Same; lease renewable or cancelable
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Terms Used In Kansas Statutes 76-2007b
- 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
The lease entered into pursuant to the provisions of Kan. Stat. Ann. § 76-2007a, and amendments thereto, shall be renewable at the end of 15 years or may be deemed cancelled at the instance of either of the parties thereto. Such lease shall be deemed cancelled automatically, after notice thereof to the governing body of the city, if any of the provisions of the lease are violated.