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99.250 Temporary occupation of real property after acquisition and before development.

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99.250 Temporary occupation of real property after acquisition and before development. (1) When title to real property has vested in a redevelopment corporation or city by gift, grant, devise, purchase or otherwise, or in the city by condemnation proceedings or <br>otherwise, the redevelopment corporation or city, as the case may be, may agree <br>with the previous owners of such property, or any tenants continuing to occupy or <br>use it, or any other persons who may occupy or use or seek to occupy or use such <br>property, that such former owner, tenant or other person may occupy or use such <br>property upon the payment of a fixed sum of money for a definite term or upon the <br>payment periodically of an agreed sum of money. Such occupation or use shall not <br>be construed as a tenancy from month to month, nor require the giving of notice by <br>the redevelopment corporation or the city, as the case may be, for the termination of <br>such occupation or use or the right to such occupation or use, but immediately upon <br>the expiration of the term for which payment has been made the redevelopment <br>corporation or city, as the case may be, shall be entitled to possession of the real <br>property and may maintain summary proceedings by forcible detainer or otherwise, <br>and shall be entitled to such other remedy as may be provided by law for obtaining <br>immediate possession thereof. A former owner, tenant or other person occupying or <br>using such property shall not be required to give notice to the redevelopment <br>corporation or city, as the case may be, at the expiration of the term for which he <br>has made payment for such occupation or use, as a condition to his cessation of <br>occupation or use and termination of liability therefor. (2) In the event that a city has acquired real property for a redevelopment corporation, the city shall, in transferring title to the redevelopment corporation, deduct from the <br>consideration or other moneys which the redevelopment corporation has become <br>obligated to pay to the city for such purpose, and credit the redevelopment <br>corporation with, the amounts received by the city as payment for temporary <br>occupation and use of the real property by a former owner, tenant, or other person, <br>as in this section provided, less the cost and expense incurred by the city for the <br>maintenance and operation of such real property. Effective: June 2, 1942 <br>History: Created 1942 Ky. Acts ch. 36, sec. 15.