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