Maine § 33 §122 Creation; conveyance; acceptance; duration

Maine Statutes

§ 33 §122 — Creation; conveyance; acceptance; duration

Maine § 33 §122

Title 33PROPERTY

Ch. 6AFFORDABLE HOUSING COVENANTS

This text of Maine § 33 §122 (Creation; conveyance; acceptance; duration) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 33, § 33 §122 (2026).

Text

1.Affordable housing covenant. Except as otherwise provided in this chapter, an affordable housing covenant may be created, conveyed, recorded, assigned, released, modified, terminated or otherwise altered or affected in the same manner as other covenants created by written instrument.

2.Right or duty. A right or duty in favor of or against a qualified holder may not arise under an affordable housing covenant unless it is accepted by the qualified holder.

3.Limitation. Except as provided in this chapter, an affordable housing covenant is unlimited in duration unless:

4.Interest. An interest in real property in existence at the time that an affordable housing covenant is created is not impaired by the affordable housing covenant unless the owner of the interest is a party to the afforda

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Affordable housing covenant.
Except as otherwise provided in this chapter, an affordable housing covenant may be created, conveyed, recorded, assigned, released, modified, terminated or otherwise altered or affected in the same manner as other covenants created by written instrument.
2.
Right or duty.
A right or duty in favor of or against a qualified holder may not arise under an affordable housing covenant unless it is accepted by the qualified holder.
3.
Limitation.
Except as provided in this chapter, an affordable housing covenant is unlimited in duration unless:
4.
Interest.
An interest in real property in existence at the time that an affordable housing covenant is created is not impaired by the affordable housing covenant unless the owner of the interest is a party to the affordable housing covenant.
5.
Right to enter land.
The instrument creating an affordable housing covenant must designate the manner in which and the times when representatives of the holder of an affordable housing covenant are entitled to enter the real property to assure compliance.