Ethics Panel
Ethics Panel
Ethics Panel
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Question 1<br />
You are reviewing documentation on a warranty deed to be executed<br />
for the purchase of property from a local Economic Development<br />
Authority (EDA). The State statutes require covenants to be inserted<br />
into any deed from an EDA to a private party. These include<br />
restrictions on current and future use and sale of the land, and the<br />
statutes indicate that these restrictions need to run with the land. The<br />
attorney for the EDA has not put the restrictive covenants in the draft<br />
deed.<br />
The purchasing company's attorney has indicated that it is the EDA's<br />
responsibility to determine what needs to be in the deed.<br />
What do you do