Selling Land in Queens NY! Can You Put A Clause When Selling?
I hold roughly 1/2 acre of territory contained by Queens NY. Now I want to put on the market the estate but I’m afraid some condo complex will buy it up and build a 6 story condo building. Is within a means of access I could put a clause when I provide my landscape, surrounded by where on earth it could enunciate you can simply use this manor to develop a house, or an apartment complex no bigger than 3 stories?
Answers:
Absolutely. It is call an easement. This is a restriction that will run next to the property forever. You should consult an attorney contained by regard to the easement. As the previous poster stated it will particularly parameter your marketplace tremendously and the pro of the property will cutback significantly. I appraise properties resembling this adjectives the time near easements and they are worth alot smaller quantity becuse they are smaller amount desirable and the utility of the site decrease. In some cases the lot is one and only worth 30-40% of the inventive expediency depending on the type of property.
You can do it, but you'll entail lawful counsel for the wording, etc., neat to sort it binding. Check your zoning. It could be that the manor can't be developed beside high-density residential dwellings.
Yes you can and it call Deed restrictions. You voice no building over 1 story or no liquor stores can be built, no condos, but it will contain the amount of buyers and the price you will receive for the environment. The achievement restriction will run beside the lands for ever unless you place a time frame on it. You may one and only take 1/2 the mundane souk advantage or smaller amount if you place restrictions on it.
Absolutely, you can write anything you want on the action and they hold to abide by that clause forever! Unless, amazingly a negotiator will erect the clause within the adjectives but that is to say outstandingly unlikely!
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Answers:
Absolutely. It is call an easement. This is a restriction that will run next to the property forever. You should consult an attorney contained by regard to the easement. As the previous poster stated it will particularly parameter your marketplace tremendously and the pro of the property will cutback significantly. I appraise properties resembling this adjectives the time near easements and they are worth alot smaller quantity becuse they are smaller amount desirable and the utility of the site decrease. In some cases the lot is one and only worth 30-40% of the inventive expediency depending on the type of property.
You can do it, but you'll entail lawful counsel for the wording, etc., neat to sort it binding. Check your zoning. It could be that the manor can't be developed beside high-density residential dwellings.
Yes you can and it call Deed restrictions. You voice no building over 1 story or no liquor stores can be built, no condos, but it will contain the amount of buyers and the price you will receive for the environment. The achievement restriction will run beside the lands for ever unless you place a time frame on it. You may one and only take 1/2 the mundane souk advantage or smaller amount if you place restrictions on it.
Absolutely, you can write anything you want on the action and they hold to abide by that clause forever! Unless, amazingly a negotiator will erect the clause within the adjectives but that is to say outstandingly unlikely!