The municipality shall be liable for accrued rentals and for any other default under any lease or sublease made under § 12-2-302(3), and may be sued therefor on contract as in other contract actions, except that it shall not be necessary for the not-for-profit corporation, as lessor, under any such lease or sublease or any assignee of such lessor or any person or legal entity proceeding on behalf of such lessor to file any claim or take any other action or proceeding prior to the commencement of any such action.
Structure 2021 Tennessee Code
Title 12 - Public Property, Printing and Contracts
Chapter 2 - Administration and Disposition of State Property
Part 3 - Sales and Leases by Municipalities to and From Not-for-Profit Corporations
§ 12-2-302. Powers and Duties of Municipality
§ 12-2-303. Municipality's Liability Under Lease — Actions by Not-for-Profit Corporations as Lessors
§ 12-2-304. Municipality's Obligations Not Within Debt Limitations
§ 12-2-305. Provision in Lease to Convey Title Upon Retirement of Obligations