[AT] Dealing with landlords when needing rented land

[Howard Pletcher]

Carl,

What happens if the land has to be withdrawn for the land bank program for
some reason. perhaps like the government wants for a major project?  I
presume there would be some sizable penalty.  Or can it only be sold to
someone who will keep it in the bank after you move away or die which
obviously will greatly affect the value of the land.  After the 100 years,
is it open to development?

Howard


On Wed, May 18, 2022 at 9:16 AM Carl Szabelski <c.s.szabelski at gmail.com>
wrote:

> In Michigan, we can put land into essentially a land bank by agreeing to
> plant the land with trees under a program with the state and local utility.
> The land has to remain untouched for a hundred years. It’s an effort to
> slow development and keep utility needs from growing out of hand.
>
> Carl
>
>
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