58.17.205 - Agreements to transfer land conditioned on final plat approval -- Authorized. - Washington Statutes

Agreements to transfer land conditioned on final plat approval — Authorized.

If performance of an offer or agreement to sell, lease, or otherwise transfer a lot, tract, or parcel of land following preliminary plat approval is expressly conditioned on the recording of the final plat containing the lot, tract, or parcel under this chapter, the offer or agreement is not subject to RCW 58.17.200 or 58.17.300 and does not violate any provision of this chapter. All payments on account of an offer or agreement conditioned as provided in this section shall be deposited in an escrow or other regulated trust account and no disbursement to sellers shall be permitted until the final plat is recorded.

[1981 c 293 § 12.]

Notes: Severability -- 1981 c 293: See note following RCW 58.17.010.