Sustainable Forest Incentive Act Covenant - State Of Minnesota printable pdf download

State of Minnesota

SUSTAINABLE FOREST INCENTIVE ACT COVENANT

Minnesota Statutes, Chapter 290C

This covenant is made on ___________________(date) by the person signing on page 2, who

will be referred to as “the claimant” for the purpose of this covenant.

This covenant is in accordance with Minnesota Statutes, section 290C.04, paragraph (a), of

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the Sustainable Forest Incentive Act (SFIA). It must be recorded in the office of the county

recorder (or registrar for registered land) in each county where any of the land is located.

The recording may be done in person or by mail. Contact your county recorder if you have

any questions on the recording procedures.

The SFIA is administered by the Department of Revenue on behalf of the state of Minnesota.

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By signing this covenant, the claimant certifies that they have the consent of all owners of the

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property. All of the owners of the property are responsible for complying with the terms of

this covenant, even if they do not sign the covenant. Owners include lienholders and others

with an interest in the property.

If you do not leave a 1 inch margin on this covenant, and on all attachments, you may be

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assessed an additional recording fee.

This covenant pertains to all or part of the real property in ____________________ County,

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Minnesota, which is legally described on the attached “Exhibit A.” A map of the property is

in the attachment marked “Exhibit B.” This property will be referred to as “the property” for

the purpose of this covenant.

Any person purchasing or acquiring an interest in the property during the time this covenant

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is in effect must also abide by the terms of the covenant.

This covenant is not a contract; it is a condition of the SFIA. The conditions of the SFIA and

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of this covenant are requirements of current law that could change in the future. All

references in this covenant to “sections” and “chapter” are to sections and chapters of the

Minnesota Statutes as currently in effect and as amended or renumbered in the future.

Under the SFIA law, this covenant shall run with the property for a period of at least eight

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years from the date listed above or for the period that the property is in the SFIA program,

whichever is longer, unless the claimant qualifies for an earlier termination.

Sustainable Forest Incentive Act Covenant - State Of Minnesota