LD 1930
pg. 4
Page 3 of 5 An Act Regarding Working Waterfront Covenants under the Land For Maine's Future... Page 5 of 5
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LR 3031
Item 1

 
5.__Options to purchase.__The grant of rights of first refusal
or options to purchase to qualified holders or their assigns,
subject to the terms and conditions of the working waterfront
covenant;

 
6.__Maintenance and insurance of working waterfront real
estate.__The obligation to maintain, operate and insure working
waterfront real estate;

 
7.__Construction and materials.__The right to restrict or
specify types of buildings, structures and materials that may be
used in improvements on working waterfront real estate; and

 
8.__Acts that may enhance affordability of working waterfront
real estate.__The right to prohibit, limit or require other acts
that may enhance or allow the affordability and availability of
working waterfront real estate to commercial marine fisheries
operators in the future.

 
§135. Validity

 
A working waterfront covenant is valid and enforceable
notwithstanding any of the following conditions.

 
1.__Not appurtenant to interest in real property.__The working
waterfront covenant is not appurtenant and does not run with an
interest in real property.

 
2.__Assignable to another holder.__The working waterfront
covenant can be or has been assigned to another qualified holder.

 
3.__Not recognized at common law.__The working waterfront
covenant is not of a character traditionally recognized at common
law.

 
4.__Imposes negative burden.__The working waterfront covenant
imposes a negative burden.

 
5.__Imposes affirmative obligations.__The working waterfront
covenant imposes affirmative obligations upon the owner of an
interest in the burdened property or upon the qualified holder.

 
6.__Benefit does not touch or concern real property.__The
benefit of the working waterfront covenant is held by a qualified
holder who has not retained property that would benefit from
enforcement of the working waterfront covenant, or the benefit
does not touch or concern real property in any other way.

 
7.__No privity of estate or contract.__There is no privity of
estate or privity of contract.


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