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Checklist for Purchasing a Residential Building Lot

This checklist highlights the issues to be reviewed by the buyer and her counsel when considering the purchase of a building lot. The Proposed Project (in contrast to a hypothetical house) must be buildable under all existing and proposed land use regulations. The purchase and sale agreement should contain appropriate contingencies to permit adequate review of applicable laws and regulations, permission to conduct tests and studies required to obtain permits and to verify buyer’s requirements, and the right to obtain a building permit prior to being obligated to purchase.

Click Here to Download and Print the Checklist for Purchasing a Residential Building Lot

 

Gloucest MA Sub Division