North Dakota Code 48-02.1-06 – Lease term
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A lease for public facilities must be for terms of no more than fifty years and must be reviewed and may be revised every five years.
Terms Used In North Dakota Code 48-02.1-06
- 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