Washington Code 79.44.030 – Apportioning cost on leaseholds
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Where lands of the state are under lease, the proportionate amounts to be assessed against the leasehold interest, and the fee simple interest of the state, shall be fixed with reference to the life of the improvement and the period for which the lease has yet to run.
NOTES:
Intent—2003 c 334: See note following RCW 79.02.010.
Terms Used In Washington Code 79.44.030
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- 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