Zoning Contingency in Boston Metro

[Niraj Gawli]

Hi All,

Any one who is investing in Boston/Somerville area would know how important zoning plays in this market. I'm looking at a property now that will have to go through the zoning process. 

While putting the offer how do you word your Zoning contingency. Like does it have to be "Subject to approval of X units from Zoning Board"

What term (number of months) do you usually put for closing date. 

What deposit do you offer 

Do you offer any money per month to the seller who is waiting on the sideline

How do you save yourself if owner backs out after zoning approves your project

Any other risk involved?

Any inputs would be highly appreciated