Dear Listmates: I am working on a transaction involving the sale of a residence located in the Lazy Point community in Amagansett. As you may know, these properties involve a unique ownership arrangement in which the seller owns the building/improvements while the underlying land is held pursuant to a ground lease. Before drafting the contract myself, I wanted to inquire whether anyone has a form contract or other sample documents that have been used for the sale of a Lazy Point property or a similar type of proeprty. I would also appreciate any practice pointers or information regarding any unique provisions or transfer requirements that should be addressed in the contract. If anyone has handled one of these transactions and is willing to share a form or offer guidance, I would be most grateful. Thank you in advance for your assistance. Very truly yours, Christina M. Panzarella CHRISTINA M. PANZARELLA, P.C. 2893 Long Beach Road Oceanside, NY 11572 Phone (516) 442-7272 Fax (516) 442-7273 ******************************** Notice: This email, including attachments, is covered by the Electronic Communication Privacy Act, 18 U.S.C. Sections 2510-2521, is confidential and may contain attorney-client materials and/or attorney work product, legally privileged and protected from disclosure. This email is intended only for the addressee named above. If you are not the intended recipient, you are hereby notified that any retention, dissemination, distribution, or copying of this communication is strictly prohibited. Please reply to the sender that you have received the message in error, then delete it and any and all copies of it. [cid:image001.png@01DD0D54.310F6790] [cid:image002.png@01DD0D54.310F6790] [cid:image003.png@01DD0D54.310F6790]
