Land Use & Zoning
A 'Transfer of Development Rights' (TDR) transaction in Nebraska is recorded as:
AA lease agreement in the county records
BA restrictive deed covenant (conservation easement) on the sending parcel and a development credit on the receiving parcel✓ Correct
COnly in the state planning office records
DAn agricultural exemption form with the county assessor
Explanation
TDR programs record the restriction on development (conservation easement or deed restriction) in the sending zone and the development credit or density bonus authorization in the receiving zone through recorded deed instruments.
People Also Study
Related Nebraska Questions
- A Transfer of Development Rights (TDR) program in Nebraska allows:Land Use & Zoning
- A Nebraska property owner who discovers an error in a recorded deed should correct it through a:Escrow & Title
- A deed restriction (restrictive covenant) in Nebraska:Property Ownership
- A conservation easement in Nebraska differs from agricultural zoning because it:Land Use & Zoning
- An installment land contract (contract for deed) in Nebraska transfers which rights to the buyer at signing?Contracts
- Nebraska's Lower Loup Natural Resources District manages the irrigation water rights in central Nebraska's Loup River Basin primarily through:Environmental
- A contract for deed (land contract) in Nebraska that provides for less than 5 years of payments may have different forfeiture rights than longer contracts because:Contracts
- A Nebraska property owner who grants a conservation easement to a land trust is typically allowed to:Property Ownership
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
Study This Topic
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →