§ 37-6.1-5 - Expenses incidental to transfer of property. - Rhode-island Statutes

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Statutes > Rhode-island > Title-37 > Chapter-37-6-1 > 37-6-1-5

SECTION 37-6.1-5

§ 37-6.1-5 Expenses incidental to transferof property. – In addition to amounts otherwise authorized by this chapter, the director oftransportation shall reimburse the owner of real property acquired for aproject for reasonable and necessary expenses incurred for:

(1) Recording fees, transfer taxes, and similar expensesincidental to conveying the property;

(2) Penalty costs for repayment of any mortgage entered intoin good faith encumbering the real property if the mortgage is on record or hasbeen filed for record on the date of acquisition by the state of the realestate; and

(3) The pro rata portion of real property taxes paid whichare allocable to a period subsequent to the date of vesting of title in thestate, or the effective date of the possession of the real property by thestate, whichever is earlier.

State Codes and Statutes

Statutes > Rhode-island > Title-37 > Chapter-37-6-1 > 37-6-1-5

SECTION 37-6.1-5

§ 37-6.1-5 Expenses incidental to transferof property. – In addition to amounts otherwise authorized by this chapter, the director oftransportation shall reimburse the owner of real property acquired for aproject for reasonable and necessary expenses incurred for:

(1) Recording fees, transfer taxes, and similar expensesincidental to conveying the property;

(2) Penalty costs for repayment of any mortgage entered intoin good faith encumbering the real property if the mortgage is on record or hasbeen filed for record on the date of acquisition by the state of the realestate; and

(3) The pro rata portion of real property taxes paid whichare allocable to a period subsequent to the date of vesting of title in thestate, or the effective date of the possession of the real property by thestate, whichever is earlier.

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State Codes and Statutes

Statutes > Rhode-island > Title-37 > Chapter-37-6-1 > 37-6-1-5

SECTION 37-6.1-5

§ 37-6.1-5 Expenses incidental to transferof property. – In addition to amounts otherwise authorized by this chapter, the director oftransportation shall reimburse the owner of real property acquired for aproject for reasonable and necessary expenses incurred for:

(1) Recording fees, transfer taxes, and similar expensesincidental to conveying the property;

(2) Penalty costs for repayment of any mortgage entered intoin good faith encumbering the real property if the mortgage is on record or hasbeen filed for record on the date of acquisition by the state of the realestate; and

(3) The pro rata portion of real property taxes paid whichare allocable to a period subsequent to the date of vesting of title in thestate, or the effective date of the possession of the real property by thestate, whichever is earlier.