Environmental
Connecticut has a 'responsible party transfer' (RPT) program under the Transfer Act. This allows a buyer to take responsibility for environmental cleanup in exchange for:
AA price reduction equal to the estimated cleanup cost
BThe ability to close without the seller completing remediation first, with the buyer committing to complete the cleanup after transfer✓ Correct
CDEEP waiving all cleanup requirements
DA state grant to fund the cleanup
Explanation
Connecticut's RPT program allows a property to be transferred even when contamination has not been fully remediated, provided the buyer/transferee assumes responsibility (as a Responsible Party) for completing the cleanup according to DEEP's requirements and timeline.
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