Greenbelt Clause Samples

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.

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.

Greenbelt. If the property is currently classified as “Greenbelt” by the property tax assessor (requiring a minimum of 15 acres or meeting other qualifications), does the Buyer intend to retain the Greenbelt classification? (Select the appropriate box below. Unselected items are not part of this Agreement): □ Buyer intends to maintain the property's Greenbelt classification and acknowledges that it is their responsibility to file a timely and application to maintain this status. Failure to do so will result in the assessment of rollback taxes, which the Buyer agrees to pay. The Buyer is advised to consult the tax assessor in the county where. □ The Buyer does not intend to retain the property's Greenbelt classification, and any rollback taxes shall be paid by the Seller at the time of closing.