Massachusetts General Laws ch. 20 sec. 22 – Non-development covenants
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Section 22. Notwithstanding the requirements of sections forty F to forty I, inclusive, of chapter seven, the department may acquire non-development covenants for terms of limited duration. The department shall adopt regulations to carry out the provisions of this section.
Terms Used In Massachusetts General Laws ch. 20 sec. 22
- Appraisal: A determination of property value.
Non-development covenants for terms of limited duration shall be exempt from any regulations that require an appraisal, an environmental site assessment and a survey. The department may require other expedited requirements appropriate for the duration of the non-development covenant.