Rhode Island General Laws — Title 44 (Taxation)
R.I. Gen. Laws § 44-4.1-5 — Restrictive covenant required
No historic residence, or historic commercial structure, maintained or rehabilitated
may benefit from the provisions of this chapter unless the owner of the historic residence,
or historic commercial structure, grants a restrictive covenant to the commission,
agreeing that the historic residence, or historic commercial structure, shall retain
its use and be maintained in a manner which preserves the historic character of the
historic residence or historic commercial structureâs rehabilitated portions historic
character for a period equal to the length of the property tax reduction or until
title to the property is transferred.
Source: official text