Real Estate
Fee title, conservation easements, access easements, leases
Things to remember
● Appraisals are required when acquiring property worth more than $100,000 including land-for-land.
● The state should be indemnified in all real estate contracts (as well as all state contracts)
● Non-land leases must be sent to county assessors every year and tax rates reconciled.
● State needs to be additional insured on insurance on leases
PROCESS
There is one process for real contracts. Dotted line indicates optional or situational steps.
Real Estate - Contract