Greenbelt Sample Clauses

Greenbelt. If property is currently classified by the property tax assessor as “Greenbelt” (minimum of 15 acres or 201 otherwise qualifies), does the Buyer intend to keep the property in the Greenbelt? (Select the appropriate boxes 202 below. Unselected items will not be part of this Agreement): 203 □ Buyer intends to maintain the property’s Greenbelt classification and acknowledges that it is Buyer’s 204 responsibility to make timely and proper application to insure such status. Buyer’s failure to timely and properly 205 make application will result in the assessment of rollback taxes for which Buyer shall be obligated to pay. Buyer 206 should consult the tax assessor for the county where the property is located prior to making this offer to verify 207 that their intended use will qualify for greenbelt classification. 208 □ Buyer does not intend to maintain the property’s Greenbelt status and Rollback taxes shall be payable by the 209 Seller at time of closing.
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Greenbelt. If any portion of the Property is presently assessed as "Greenbelt" the payment of any roll-back taxes assessed against the Property shall be paid for by: Seller Buyer Split Equally Between Buyer and Seller Other (explain)
Sample 1
Greenbelt. If property is currently classified by the property tax assessor as “Greenbelt” (minimum of 15 acres or 201 If applicable otherwise qualifies), does the Buyer intend to keep the property in the Greenbelt? (Select the appropriate boxes 202 check a box. below. Unselected items will not be part of this Agreement): 203 Usually only □ Buyer intends to maintain the property’s Greenbelt classification and acknowledges that it is Buyer’s 204 with properties with 15 or more 205 acres. 206 Do not check a 207 box if not responsibility to make timely and proper application to insure such status. Buyer’s failure to timely and properly make application will result in the assessment of rollback taxes for which Buyer shall be obligated to pay. Buyer should consult the tax assessor for the county where the property is located prior to making this offer to verify that their intended use will qualify for greenbelt classification. 208 applicable.
Sample 1

Related to Greenbelt

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