TITLE 50

MUNICIPAL CORPORATIONS

CHAPTER 26

BUSINESS IMPROVEMENT DISTRICTS

50-2623.  Disclosure requirement prior to lease or sale of property. Prior to leasing or selling property located within a business improvement district, property owners are required to provide written disclosure to prospective lessees or purchasers that the subject property is located within a business improvement district and that the lessee or purchaser may be responsible for the payment of special assessments to the legislative authority. The written disclosure shall be a statement by the property owner and shall not be construed to be a statement made by any agent representing the property owner. No agent of the property owner shall be authorized to make such a disclosure as provided in this chapter or to verify the same.

History:

[50-2623, added 2003, ch. 204, sec. 2, p. 545.]