How Buyers and Sellers of Development Land Deal with Regulatory Risk

USC Legal Studies Research Papers Series No. 97-19

45 Pages Posted: 9 Feb 1998 Last revised: 3 Mar 2014

See all articles by George Lefcoe

George Lefcoe

University of Southern California Law School

Date Written: March 3, 2014

Abstract

A builder contracts to buy land for a development project and comes to realize either before orshortly after taking title that its proposed development project has diminished in value or even become worthless as a result of unanticipated government regulations. The builder wishes to dissolve the contract and get her money back. This paper describes the conflicting legal norms courts apply in such cases, and how contracts for development land may be written so as to apportion clearly the regulatory risk between buyer and seller.

JEL Classification: R38

Suggested Citation

Lefcoe, George, How Buyers and Sellers of Development Land Deal with Regulatory Risk (March 3, 2014). USC Legal Studies Research Papers Series No. 97-19. Available at SSRN: https://ssrn.com/abstract=58121

George Lefcoe (Contact Author)

University of Southern California Law School ( email )

699 Exposition Boulevard
Los Angeles, CA 90089
United States
213-740-0148 (Phone)
213-740-5502 (Fax)

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