Chapter 7: Leasing

Anchor: #i998588

Section 1: Leasing of ROW by LPAs

Anchor: #i998593


In unusual situations, LPAs may charge rent for occupancy of ROW. For example, on a large ROW project, an LPA might, on a hardship basis, purchase the land and improvements in its own name well before the land is needed by the State for construction purposes, and subsequently rent the property before conveying title to the State. In these cases, care must be exercised to assure that the amount of the rent does not exceed the fair rental value of the property based on its being rented to a short-term occupant.

Previous page  Next page   Title page