Environmental
Which Connecticut regulation requires disclosure when transferring commercial or industrial properties that were used for certain regulated activities?
ACERCLA
BConnecticut Transfer Act (CGS § 22a-134)✓ Correct
CRCRA
DThe Clean Water Act
Explanation
Connecticut's Transfer Act (CGS § 22a-134 et seq.) requires parties transferring commercial or industrial real property previously used for regulated activities to investigate, disclose, and potentially remediate environmental conditions.
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Key Terms to Know
Deed of Trust
A security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
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