California § 5062 - Any such lease contract shall contain an option permitting the State to purchase
Full text of California Public Contract Code - PCC § 5062 — Any such lease contract shall contain an option permitting the State to purchase, with citation guidance and answers to common questions.
§ 5062. Any such lease contract shall contain an option permitting the State to purchase
Any such lease contract shall contain an option permitting the State to purchase the lands under lease. The lease contract shall include provisions: (a) That all payments made by the State as rental thereunder shall be applied on the purchase price of the lands. (b) That at the end of each two-year period, if the State so elects, the lessor will convey to the State, without additional consideration, a designated area of the lands under lease, as described therein, which area shall be such proportion of the total area as the amount of rental paid by the State for such period bears to the total amount of rental to be paid under the lease. (c) That the State may terminate the rental contract at its option at the end of any two-year period. (d) That the total rental to be paid under any such lease contract shall not be in excess of the appraised value of the lands.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5062
What does Public Contract Code - PCC § 5062 cover?
Section 5062 ("Any such lease contract shall contain an option permitting the State to purchase") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 5062?
A common citation format is "Public Contract Code - PCC § 5062" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 5062 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.