Get the free Excess Land Request - nj

This form is used to request the leasing or purchasing of excess land from the New Jersey Department of Transportation, requiring details about the requestor, land location, and intended use.

How to fill out excess land request

How to fill out Excess Land Request

1. Obtain the Excess Land Request form from the relevant authority or organization.
2. Read the instructions provided with the form carefully.
3. Fill in your personal information, including your name, address, and contact details.
4. Provide details about the land in question, including its location and current usage.
5. Explain the reason for your request for excess land.
6. Include any supporting documents that may be required, such as ownership proof or maps.
7. Review your completed form to ensure all information is accurate and complete.
8. Submit the form according to the provided instructions, whether by mail, email, or in person.

Who needs Excess Land Request?

1. Individuals or organizations that require additional land for development, expansion, or other purposes.
2. Landowners seeking to formalize the use of surplus land they possess.
3. Businesses looking to acquire extra land for operational needs.
4. Property developers aiming to obtain land adjacent to their current projects.

People Also Ask about

What is an example of excess land?

Excess land refers to any portion of a property that is not essential to the primary business or development but still holds potential for income generation. This includes unused parking lots, vacant buildings, or surplus space within an existing structure, representing untapped value.

What does land of excess mean?

ing to The. Dictionary of Real Estate Appraisal, fifth edition, excess land may be defined as, Land that is not needed to serve or support the existing improvement.

What is excess land in the appraisal institute?

It is “extra” land that may or may not contribute value to the overall property. It does not have an independent highest and best use. It may have the same value per unit of comparison (e.g., value per square foot, value per acre) as the rest of the site, or it may contribute less per unit of comparison.

What is the definition of excess land?

Excess land is defined as “land that is not needed to serve or support the existing use. The highest and best use of the excess land may or may not be the same as the highest and best use of the improved parcel. Excess land has the potential to be sold separately and is valued separately”.

How to appraise excess land?

Before determining whether land is surplus or excess, appraisers must consider zoning, highest and best use, surrounding properties and their use, property improvements, and supply and demand for the property and any proposed improvements.

How do you handle excess land in an appraisal?

Choosing the correct land type has an effect on the final value of the property. Excess land adds value to the subject property and creates future potential. Thus, a higher price per square foot should be assigned to excess land over surplus land. Surplus land cannot be split.

What is the difference between FHA excess and surplus land?

If a property has excess land, a real estate appraiser is required to describe it in the appraisal, but not assess it's value independent from the subject property. Ultimately, the only real difference is that excess land has the potential to be subdivided and sold, while surplus land does not.

What is a surplus property?

— The term “surplus property” means excess property that the Administrator determines is not required to meet the needs or responsibilities of all federal agencies.

For pdfFiller’s FAQs

What is Excess Land Request?

An Excess Land Request is a formal application submitted to request the determination of whether a specific parcel of land exceeds the amount necessary for a particular use or purpose, typically in relation to zoning, tax assessment, or property development.

Who is required to file Excess Land Request?

Property owners, developers, or entities seeking to use or modify a parcel of land that may be classified as excessive in relation to its intended purpose are typically required to file an Excess Land Request.

How to fill out Excess Land Request?

To fill out an Excess Land Request, one must provide detailed information about the property including its location, dimensions, current usage, intended usage, and justification for considering the land excess. The form usually needs to be completed with supporting documentation and submitted to the appropriate governing authority.

What is the purpose of Excess Land Request?

The purpose of an Excess Land Request is to formally assess and potentially rezone or reassess property for efficient land use, ensuring that the land is utilized appropriately and does not surpass what is necessary for its designated use.

What information must be reported on Excess Land Request?

The information that must be reported includes the property description, ownership details, current land use, proposed land use, reasons for the request, and any relevant surveys or documents that support the claim of excess land.