CHAPTER 653
H.P. 1600 - L.D. 2101
An Act to Allow a Lessee to Purchase Leased Premises When the Lessor Decides to Sell
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 14 MRSA c. 710-D is enacted to read:
CHAPTER 710-D
BUILDINGS ON LEASED LOTS
1. Parties to agreement; purposes of agreement. This chapter applies to agreements between:
A. A person, referred to in this chapter as the "lessor," who owns land in territory under jurisdiction of the Maine Land Use Regulation Commission; and
B. A person, referred to in this chapter as the "lessee," who intends to construct or to occupy a building or buildings owned by that person on leased land in territory under jurisdiction of the Maine Land Use Regulation Commission for recreational or residential purposes on a seasonal or year-round basis or to operate a business consisting of a commercial sporting camp, campground or retail store.
A lessee of premises on which a structure owned by the lessee exists has the right of first refusal with regard to the leased premises if the lessor intends to sell or to offer to sell the leased premises as a separate parcel. Each lease subject to this chapter must make provision for a method of determining the sale price of the leased premises upon exercise of the right provided in this section. The lessor must give the lessee at least 90 days to accept the offer to purchase the lot.
This chapter applies to leases entered into or renewed on or after the effective date of this chapter.
Effective July 25, 2002, unless otherwise indicated.
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