California Revenue and Taxation Code

§ 480.5

RTC § 480.5Div. 1 · Part 2 · Ch. 3 · Art. 2.5

Statute text

(a)Every owner of tax-exempt real property shall report to the local 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 within 60 days of the transaction. 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.

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Legislative history

Amended by Stats. 1990, Ch. 892, Sec. 3.