New Mexico Administrative Code
Title 19 - NATURAL RESOURCES AND WILDLIFE
Chapter 2 - STATE TRUST LANDS PART 24 CULTURAL PROPERTIES PROTECTION
Part 22 - PLANNING AND DEVELOPMENT LEASES
Section 19.2.22.18 - TAKE-OUT LEASES; TAKE-OUT SALES OR EXCHANGES AUTHORIZED
Universal Citation: 19 NM Admin Code 19.2.22.18
Current through Register Vol. 35, No. 18, September 24, 2024
During the term of a planning and development lease, a lessee may from time to time apply for a take-out lease or take-out sale or exchange. Take-out sales will be considered most appropriate where the final land use proposal is owner-occupied residential, otherwise take-out leases in the form of long term business leases will be considered most appropriate.
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