Suppose That a Development Group Would Like to Determine If

question 15

Multiple Choice

Suppose that a development group would like to determine if the local zoning and land-use ordinances will permit the type of development they desire. However, they do not want to be obligated to purchase the property if they find that their proposed development will not be permitted. To gain control of the site without being obligated to perform, the development group should purchase which of the following?

• A) Ground lease
• B) Option
• C) Fast-track
• D) Floor loan

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