Subdivision Agreement

A Subdivision Agreement is a legally binding contract between a developer (or landowner) and a municipal authority that outlines the terms and conditions for the development of a subdivision of land. This agreement typically includes provisions related to the construction of infrastructure such as roads, sewers, water systems, and other public utilities, as well as requirements for the dedication of land for public purposes, like parks or schools. It may also specify timelines, financial securities, and responsibilities for ongoing maintenance until the municipality assumes control. The Subdivision Agreement ensures that the development meets all municipal standards and regulations and protects the interests of both the community and the developer.