§ 44-4.1-5 - Restrictive covenant required. - Rhode-island Statutes

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Statutes > Rhode-island > Title-44 > Chapter-44-4-1 > 44-4-1-5

SECTION 44-4.1-5

§ 44-4.1-5 Restrictive covenant required.– No historic residence, or historic commercial structure, maintained orrehabilitated may benefit from the provisions of this chapter unless the ownerof the historic residence, or historic commercial structure, grants arestrictive covenant to the commission, agreeing that the historic residence,or historic commercial structure, shall retain its use and be maintained in amanner which preserves the historic character of the historic residence orhistoric commercial structure's rehabilitated portions historic character for aperiod equal to the length of the property tax reduction or until title to theproperty is transferred.

State Codes and Statutes

Statutes > Rhode-island > Title-44 > Chapter-44-4-1 > 44-4-1-5

SECTION 44-4.1-5

§ 44-4.1-5 Restrictive covenant required.– No historic residence, or historic commercial structure, maintained orrehabilitated may benefit from the provisions of this chapter unless the ownerof the historic residence, or historic commercial structure, grants arestrictive covenant to the commission, agreeing that the historic residence,or historic commercial structure, shall retain its use and be maintained in amanner which preserves the historic character of the historic residence orhistoric commercial structure's rehabilitated portions historic character for aperiod equal to the length of the property tax reduction or until title to theproperty is transferred.

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State Codes and Statutes

Statutes > Rhode-island > Title-44 > Chapter-44-4-1 > 44-4-1-5

SECTION 44-4.1-5

§ 44-4.1-5 Restrictive covenant required.– No historic residence, or historic commercial structure, maintained orrehabilitated may benefit from the provisions of this chapter unless the ownerof the historic residence, or historic commercial structure, grants arestrictive covenant to the commission, agreeing that the historic residence,or historic commercial structure, shall retain its use and be maintained in amanner which preserves the historic character of the historic residence orhistoric commercial structure's rehabilitated portions historic character for aperiod equal to the length of the property tax reduction or until title to theproperty is transferred.