N.J. Admin. Code § 5:102-6.1

Current through Register Vol. 57, No. 1, January 6, 2025

Section 5:102-6.1 - Easement on the historic property

(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.

N.J. Admin. Code § 5:102-6.1

Amended by 56 N.J.R. 1707(a), effective 8/19/2024