New Mexico Statutes 47-12-5. Validity of land use easement
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A land use easement is valid even though the land use easement: A. is not appurtenant to an interest in real property;
Terms Used In New Mexico Statutes 47-12-5
- Contract: A legal written agreement that becomes binding when signed.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
B. imposes a negative covenant that is a restriction on the use of the land that is subject to the terms of the easement;
C. imposes affirmative obligations upon the owner of any interest in the burdened property or upon the holder;
D. does not touch or concern real property; or
E. does not establish any privity of estate or of contract.