Martha's Vineyard Land Bank Commission
 
 
Home
Home Page
Enjoying The Properties
Map To Properties
Dog Policy
Hunting Policy & Forms
Camping and Fire Policy
Conservation Land Maps
Affordable Housing
Guided Walk Schedule
Annual Cross-Island Hike
Farming on Land Bank Properties
Processing A Transaction
Enabling Legislation
Transfer Fee Regulations
Required Documents
Land Bank Forms
Processing by Mail
Land Bank Commissioners
Land Bank Staff
Talk to Us
Employment Opportunities
Frequently Asked Questions (FAQs)
Why is there a lien on my property?
I paid a Land Bank fee, can I take a deduction on my tax return?
What happens to the lien if I want to refinance?
 
Required Documents

Required Forms And Supporting Documents
Non-Exempt Transfers
All non-exempt transfers shall require filing of the land bank LB1 Form, transfer instrument or lease, as applicable, and copy thereof, together with a check for two percent of the purchase price.

Exempt Transfers
All exempt transfers shall require filing of the land bank LB1 Form and LB2 Form, transfer instrument or lease, as applicable, and copy thereof, together with the following:*

A None.
B Evidence of transfer previously made.
C Notarized gift letters from buyer and seller, birth and marriage certificates, schedules of beneficiaries and their interests held.
D Schedule of beneficiaries
E Document evidencing operation of law
F Court decree and all pertinent documents
G Letter from internal revenue service granting tax-exempt status, religious charter, or operating by-laws.
H Mortgage copy and schedule of outstanding principal, interest and related expenses.
I Documents evidencing the formation of the corporation or partnership and interests held by the parties thereto.
J Documents evidencing the dissolution of the corporation or partnership and interests held by the parties thereto at the time of formation and time of dissolution
K Court decree or transfer document stating "division of marital assets".
L Bill of sale for personal property and qualified appraisal
M Trusts, corporations or partnerships provide beneficiaries, stockholders, or partners, and interests held by each party together with recordable affidavit.

* This chart represents minimum requirements only; the commission may require additional documentation as it deems necessary.