A developer in Missoula County, Montana wants to divide a 100-acre parcel into five 20-acre lots for sale to individual buyers. Under the Montana Subdivision and Platting Act, which statement best describes the regulatory requirements for this division?
Correct Answer
B) The division may qualify for an exemption from full subdivision review, but certain county review and disclosure requirements may still apply.
Under the Montana Subdivision and Platting Act (MCA Title 76, Chapter 3), parcels of 20 acres or more may qualify for exemptions from full subdivision review requirements. However, qualifying for an exemption does not mean zero regulatory oversight — certain county review processes and disclosure requirements may still apply depending on local regulations and the specific nature of the division. Agents must understand that exemption from full review is not the same as complete exemption from all requirements.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
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