What is a 'development agreement' in Delaware land use?
Why A binding agreement between a developer and a local government specifying the permitted uses, densities, infrastructure requirements, and vested rights for a large project Is Correct
Answer B: A binding agreement between a developer and a local government specifying the permitted uses, densities, infrastructure requirements, and vested rights for a large project
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Key Terms to Know
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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