Hello! My name is XXXXX XXXXX I look forward to helping you today.
If you have not done so already, review the recorded deeds to the property. You would want to review the chain of title
and what easements
or other encumbrances
are present that run with the land beyond the restrictions of the historical society.
The Secretary of State will have the business entity registration. You will want to review and make sure that the person you are dealing with has the authority to discuss the sale with you and you will want to determine what type of entity the business is being ran under and what entity the property is titled under. For instance if the land is owned by a corporation there would be different tax implications than if the land is owned personally or in trust or as an LLC.
This would just be preliminary things you can review in order to formulate a letter of intent in which you would then perform complete due diligence on the property/business such as business records, environmental studies, etc.
You may be able to find some financing alternatives with the Connecticut Department of Agriculture. The Department has a pretty informative website: www.farmlink.uconn.edu/pages/financing.html
All my best & encouragement.
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All states have intricacies in their laws and any information given is simply information only and specifically is not intended to be, nor does it constitute, legal advice. This communication does not establish an attorney-client relationship with you.