What is the purpose of the Addendum for Coastal Area Property?

The Addendum for Coastal Area Property is designed specifically to inform buyers about the unique aspects of buying property in coastal areas, particularly regarding ownership boundaries. One of the key considerations in these regions is that land can be subject to changes due to erosion, accretion, or avulsion, which can cause property owners to gain or lose portions of their land over time. This is especially relevant in coastal areas where natural forces can significantly impact the physical landscape.

While informing buyers about zoning changes, potential flooding risks, and previous property damages are important considerations in real estate, they do not capture the primary intent of the Addendum for Coastal Area Property. The focus of this addendum is specifically on the potential changes to land ownership as a result of environmental factors, equipping buyers with the necessary information to make informed decisions about their investment in coastal properties.