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University of Massachusetts Amherst

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Security deposit

It is not uncommon for sellers of standing timber to require a security deposit from the buyer. It could be in the range of 5 - 20% of the full value of the sale. By holding the security deposit, the landowner selling the timber has some "insurance" that all provisions of the contract will be met (e.g., smoothing the roads, seeding the landing, controlling erosion, lopping slash). Of course this part of the contract should also specify the conditions for full return of the security deposit.

This is the UMass Extension Forest Conservation Program web site and is a part of the Natural Resources Conservation Department at the University of Massachusetts Amherst. MassWoods is maintained by Paul Catanzaro, Forestry Extension Specialist, cat@umext.umass.edu, 413.545.4839

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MassWoods is the Web site for the Forest Conservation Extension Program within UMass Extension's Natural Resources and Environmental Conservation program, Department of Natural Resources Conservation, University of Massachusetts Amherst.
http://www.masswoods.net