New Mexico Statutes 47-12A-5. Validity of easement
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A cultural properties preservation easement is valid even though the cultural properties preservation easement:
Terms Used In New Mexico Statutes 47-12A-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.
A. is not appurtenant to an interest in real properties;
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 property subject to the easement or upon the holder;
D. does not touch or concern real property; or
E. does not establish any privity of estate or of contract.