Private transfer fee obligation definition

means an obligation arising under a declaration or covenant recorded against the title to real property or under any other contractual agreement or promise, whether or not recorded, that requires or purports to require the payment of a private transfer fee upon a subsequent transfer of an interest in the real property.[PL 2011, c. 200, §1 (NEW).]

Based on 28 documents means an obligation to pay a private transfer fee created under: Based on 14 documents

means an obligation arising under a declaration or covenant recorded against the title to real property, or under any other contractual

Based on 8 documents

Examples of Private transfer fee obligation in a sentence

More Definitions of Private transfer fee obligation

means an obligation arising under a declaration or covenant recorded against the title to real property, or under any other contractual agreement or promise, whether or not recorded, that requires or purports to require the payment of a private transfer fee to the declarant or other person specified in the declaration, covenant, or agreement, or to the declarant's or other person's successors or assigns, upon a subsequent transfer of an interest in the real property.