New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 102 - HISTORIC PRESERVATION REVOLVING LOAN PROGRAM
Subchapter 6 - EASEMENT
Section 5:102-6.1 - Easement on the historic property
Universal Citation: NJ Admin Code 5:102-6.1
Current through Register Vol. 56, No. 18, September 16, 2024
(a) To assure the continued preservation of loan-assisted historic properties and to assure that public benefit shall continue to accrue from the use of the public funds, the Trust may require that an easement agreement be executed and recorded between all parties having an ownership interest in the historic property. The easement agreement shall include:
1. Provision for the
continued preservation of the historic property; and
2. Limitations on the right to change the
use, alter, demolish or convey the property.
(b) The period of the easement shall be determined by and be in effect concurrently with the term of the loan.
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