New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 77 - TRANSFER OF DEVELOPMENT RIGHTS
Subchapter 5 - PURCHASE OF DEVELOPMENT POTENTIAL
Section 2:77-5.9 - Terms, contingencies and conditions of purchase
Universal Citation: NJ Admin Code 2:77-5.9
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Upon the owner's acceptance of an offer, the Board shall complete any and all administrative procedures necessary to consummate the purchase of development potential including, but not limited to, the following:
1.
Authorization of an insured title search and a survey to be conducted on lands from
which the Board determines to purchase development potential; and
2. Execution of an instrument of transfer that
shall be recorded with the deed of the land in the same manner as a deed, and which
shall comply with the requirements set forth in
2:77-3.1(b)2.
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