Massachusetts S1321 amends subdivision control laws to modify covenants, bonds, and deposits for subdivision projects.
Massachusetts S1321 modifies the state's subdivision control laws by altering the conditions under which covenants, bonds, and deposits can be used to secure the completion of subdivision projects. The bill specifies that partial covenants over individual lots are not permitted and mandates that the penal sum of any bond or deposit must reflect the expected cost of completing the work, including labor costs. It also requires that the penal sum be adjusted over time to reflect actual costs.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.