The requirement for service agreements under the Subdivision Lands Law is aimed at?

The requirement for service agreements under the Subdivision Lands Law is designed to prevent buyer fraud by ensuring that there is a clear and transparent understanding between developers and buyers regarding the development of the property. This law mandates that buyers receive specific disclosures about the subdivision, including the nature of the services, amenities promised, and the overall development plan. By mandating these agreements, the law aims to protect consumers from misleading information or practices that could lead them to make uninformed purchasing decisions.

Providing these disclosures helps to build trust and ensures that buyers can make educated decisions based on accurate representations of the property and services offered. This protective measure is especially critical in real estate transactions, where substantial monetary investments are involved and the potential for fraud can have significant consequences for buyers.