Statutes > Kentucky Statutes > CHAPTER 65 GENERAL PROVISIONS APPLICABLE TO COUNTIES, CITIES, AND OTHER LOCAL UNITS > 65.946 Maximum term for leases.

65.946 Maximum term for leases.

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65.946 Maximum term for leases. A lease for real property may have any term, including renewals, not to exceed forty (40) <br>years. A lease for personal property may have any term, including renewals, not to exceed <br>the useful life of the personal property financed, determined in accordance with generally <br>accepted accounting principles. Effective: July 13, 1990 <br>History: Created 1990 Ky. Acts ch. 81, sec. 4, effective July 13, 1990.