13:17-22. Required provisions in agreements, leases, deeds or other instruments from or between commission and to or with a redeveloper

134 words·~1 min read·/nj/title-13/chapter-17/13-17-22

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

All agreements, leases, deeds and other instruments from or between the commission and to or with a redeveloper shall contain, without being limited to, the following provisions:

(a)a covenant running with the land to the effect that the land, and any buildings or improvements thereon, shall only be used for the purposes designated in the redevelopment plan;

(b)a provision that the redeveloper shall be without power to sell, lease or otherwise transfer the redevelopment area or project or any part thereof without the prior written consent of the commission;

(c)any lease to a redeveloper may provide that all improvements shall become the property of the commission;

(d)such other covenants, provisions and continuing controls as may be deemed necessary to effectuate the purposes of this act.

L.1968, c. 404, s. 21.