Do BF exclusions pass to future owners? Does it make a difference if the property is actively being redeveloped or if redevelopment has not yet taken place?
Yes, for the property that is receiving the brownfields exclusion. It could pass to new owners after a new application is made and approved. The exclusion does not exist for properties that have not gone under redevelopment. Both the brownfields agreement and the construction of qualifying improvements (made after July 1, 2000) must exist.
Related Questions
- Do BF exclusions pass to future owners? Does it make a difference if the property is actively being redeveloped or if redevelopment has not yet taken place?
- My property is already protected against changes by future owners through a local preservation law . . . wouldn’t an easement be redundant?
- How will future owners of a property know that an easement exists?
