Prohibits restrictive covenants related to grocery stores.
Impact
The bill is anticipated to have a significant impact on property law in the state. By removing the enforceability of restrictive covenants on grocery store land, it opens the possibility for new grocery retail establishments to emerge in previously occupied sites. This change is expected to facilitate better food access for communities, and it may foster local business growth by minimizing unnecessary restrictions on property use. The streamlined process is likely to resonate positively with those advocating for improved public health and increased availability of fresh food options.
Summary
Bill S0970 seeks to amend Chapter 34-4 of the General Laws in Rhode Island by prohibiting restrictive covenants related to grocery stores. This legislation aims to address barriers that prevent the establishment of new grocery stores in locations previously occupied by such businesses. Specifically, it renders any covenant or restriction regarding land use for grocery stores void and unenforceable, with certain specified exceptions. The underlying objective is to enhance access to fresh food by enabling new grocery retail outlets to replace those that have closed.
Contention
Notable points of contention regarding Bill S0970 may arise around the effects of the bill on existing property rights. Some stakeholders may argue that the removal of such covenants could infringe upon property owners' rights to control how their properties are used. Others may express concern that the bill could lead to an oversaturation of grocery stores in certain areas, impacting the viability of existing businesses. The nuances of local ordinances and their interplay with this state-level change could also raise questions among community leaders and local business associations as they navigate the implications of the legislation.
Defines the apportionment of financial responsibilities for expenses and improvements to the real property of the life estate between the life tenant and remainder man.
Precludes any legal entity from possessing, controlling or otherwise claiming legal title to real property exceeding an aggregate value of twenty-five million dollars ($25,000,000) in single-family dwellings or multi-family dwellings.