§ 66-8.402. Reporting.

Within sixty days of closing date of the transaction, every owner of tax- exempt real property shall report to the assessor the creation, renewal, sublease, or assignment of any lease, sublease, license, use permit, or other document which conveys the right to use that real property. The report shall include all of the following:

(1)

The name and address of the owner;

(2)

The names and addresses of all other parties to the transaction, including an identification of each party and of his or her possessory interest;

(3)

The type of transaction, whether creation, renewal, sublease or assignment;

(4)

A description of the property;

(5)

The date of the transaction;

(6)

The terms of the transaction, including all of the following:

(A)

The consideration for the possessory interest, whether paid in money or otherwise,

(B)

The term of the possessory interest, including any renewal or extension options,

(C)

If a sublease, the original term, the remaining term, and the consideration paid for the master lease,

(D)

If an assignment, the original term, the remaining term, and the consideration paid for the underlying lease.

(Ord. 85-6 § 1).

Article 66-8.6. Duration