5.__Signature on record.__If the environmental covenant covers commonly owned property in a common interest community, the record may be signed by any person authorized by the governing boards of the owners' association.

§3004.__Contents of environmental covenant

1.__Required contents.__An environmental covenant must:

A.__State that the instrument is an environmental covenant executed pursuant to this chapter;

B.__Contain a legally sufficient description of the real property subject to the covenant;

C.__Describe the activity and use limitations on the real property;

D.__Identify every holder;

E.__Be signed by the agency, every holder and unless waived by the agency, every owner of the fee simple of the real property subject to the covenant; and

F.__Identify the name and location of any administrative record for the environmental response project reflected in the environmental covenant.

2.__Permissible contents.__In addition to the information required by subsection 1, an environmental covenant may contain other information, restrictions and requirements agreed to by the persons that signed it, including:

A.__Any requirements for notice following transfer of a specified interest in the property subject to the covenant, or concerning proposed changes in use of, applications for building permits for or proposals for any site work affecting any contamination on the property subject to the covenant;

B.__Any requirements for periodic reporting describing compliance with the covenant;