| | A lessor who fails to prepare and record a full boundary | survey, as required by this section, does not qualify for the | Maine Tree Growth Tax Law for the municipality in which the | leasehold is located. |
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| | The cost of a survey for real estate sold pursuant to this | section after June 1, 2007 must be borne by the lessor, who shall | choose the surveyor.__The fee for such a survey may not be | subtracted from the future sale price of said real estate. |
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| | Sec. 3. 14 MRSA §6049, as repealed and replaced by PL 2003, c. 510, | Pt. A, §12, is repealed. |
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| | Sec. 4. 14 MRSA §6049-A is enacted to read: |
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| | A lessee may terminate a lease earlier than the effective date | provided in the lease. |
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| | A lessor may not terminate a lease without just cause and the | burden of proof is on the lessor to show just cause. |
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| | Termination provisions of a lease to the extent inconsistent | with this section are void, beginning on the date the notice of | termination is provided. |
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| | A lessor shall reimburse a lessee for the fair market value of | all improvements on leased real estate, if the lessee's lease is | terminated by the lessor. |
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| | Sec. 5. 14 MRSA §6050, as enacted by PL 2003, c. 510, Pt. A, §12, | is repealed and the following enacted in its place: |
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| §6050.__Right of first refusal |
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| | After October 1, 2005, a lessee of premises on which a | structure owned by the lessee exists has the right of first | refusal for the fair market value of the leasehold with regard to | the leased premises if the lessor intends to sell any real estate | in this State.__The lessor shall give the lessee at least one | year to accept the offer to purchase the leased premises by | certified mail, return receipt requested, restricted delivery. |
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| | As used in this section, "fair market value" means the | assessment according to the Department of Administrative and | Financial Services, Bureau of Revenue Services in the unorganized | territory or the assessment by a municipality in an organized | municipality. |
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