Utah Code > Title 53C > Chapter 4 > Part 2 – Surface Leases and Easements
Current as of: 2023 | Check for updates
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Other versions
| § 53C-4-201 | Surface leases and user permits — Procedures for issuing leases and user permits |
| § 53C-4-202 | Lease and permit covenants |
| § 53C-4-203 | Easements on trust lands — Director to establish rules |
Terms Used In Utah Code > Title 53C > Chapter 4 > Part 2 - Surface Leases and Easements
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Land: includes :Utah Code 68-3-12.5
- 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
- Month: means a calendar month, unless otherwise expressed. See Utah Code 68-3-12.5
- Person: means :Utah Code 68-3-12.5
- Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
- trust lands: means those properties granted by the United States in the Utah Enabling Act to the state in trust, and other lands transferred to the trust, which must be managed for the benefit of:
(a) the state's public education system; or (b) the institutions of the state which are designated by the Utah Enabling Act as beneficiaries of trust lands. See Utah Code 53C-1-103