Conservation Easements Must Now Be Disclosed

by Vinny on September 24, 2007

From the Office of the Attorney General

Chapter 606 - Sale of Property Encumbered by a Conservation Easement
(Effective Date: Oct. 1, 2007):

The seller of property that is subject to a conservation easement must give the purchaser, on or before entering into a contract of sale for the property, or within 20 calendar days after entering into the contract of sale, a copy of all conservation easements encumbering the property.

The contract of sale must also contain a specified disclosure (set forth in the attached bill). Failure to comply with these requirements gives the purchaser the right to rescind the contract of sale.

Previous post: Best Home Deals are in the South

Next post: Fighting Unwanted Rentals (WSJ)