Colorado § 29-3-115 Option to purchase

Colorado Statutes

§ 29-3-115 — Option to purchase

Colorado § 29-3-115

Title 29Government

Art.County and Municipality

This text of Colorado § 29-3-115 (Option to purchase) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 29-3-115 (2026).

Text

(1)A lease may grant the user of a project an option to purchase all or a part of the project at a stipulated purchase price or at a price to be determined upon appraisal as is provided in the lease.

(2)The option may be exercised at such time as the lease may provide.

(3)The county or municipality and the user may agree and provide in the lease that all or a part of the rentals paid by the user prior to and at the time of the exercise of such option shall be applied toward the purchase price and shall be in full or partial satisfaction thereof.

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(1) A lease may grant the user of a project an
option to purchase all or a part of the project at a stipulated purchase price or at a
price to be determined upon appraisal as is provided in the lease.

(2) The option may be exercised at such time as the lease may provide.

(3) The county or municipality and the user may agree and provide in the
lease that all or a part of the rentals paid by the user prior to and at the time of the
exercise of such option shall be applied toward the purchase price and shall be in
full or partial satisfaction thereof.