St. Louis Development Corporation

 Real Estate Home  Contact Us
 SLDC
 Development
 City of St. Louis


Real Estate Department

Purchasing Property: 18 Month Right of Re-entry

18 Month Right of Reentry:

The agency USES AND WILL ENFORCE AN 18 MONTH RIGHT OF REENTRY to encumber property.

This prevents speculation and encourages completion of the renovation.

At the time of sale, we will require you to sign a deed returning the property to the Agency in 18 months, unless the property is completed.

Follow-up inspections by staff, 16 months after closing, will determine if the property has been completed.

Purchasing Property Home

This Page Last Modified: Monday, 19-Nov-2007 16:42:14 CST
Return to CIN Homepage    © City of St. Louis | Terms of Use | Privacy | Accessibility