Authorized Provisions of Lease; Payment of Taxes, Insurance, and Repairs

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Sec. 6. The lease may provide that, as a part of the lease rental for the library building or buildings, the lessee or lessees shall agree to:

(1) pay all taxes and assessments levied against or on account of the leased property;

(2) maintain insurance on the property for the benefit of the lessor corporation; and

(3) assume all responsibilities for repair and alterations with regard to the building or buildings during the term of the lease.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-14-10-6.]

As added by P.L.1-2005, SEC.49.


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