Section 20-47-3-7 - Permissible provisions of lease; payment of taxes; insurance A lease entered into under this chapter may provide that as a part of the lease rental for the school building or buildings the lessee or lessees shall:
(1) pay all taxes and assessments levied against or on account of the leased property;(2) maintain insurance on the leased property for the benefit of the lessor corporation; and(3) assume all responsibilities for repair and alterations of the leased property during the term of the lease.Pre-2006 Recodification Citation: 21-5-12-5.
As added by P.L. 2-2006, SEC.170.