§ 34-39.1-1 Short title
§ 34-39.1-2 Legislative purpose
§ 34-39.1-3 Definitions
§ 34-39.1-4 Housing restrictions enforceable
§ 34-39.1-5 Interests in real estate
§ 34-39.1-6 Invalidity of certain restrictive covenants
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Terms Used In Rhode Island General Laws > Chapter 34-39.1 - The Holders of Low and Moderate Income Housing Restrictions Act

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • real estate: may be construed to include lands, tenements, and hereditaments and rights thereto and interests therein. See Rhode Island General Laws 43-3-10