So there is a large (40 acre) field behind my house that had been for sale for a few decades. During that time, the neighborhood on the other side of the field began to use the field as an unofficial neighborhood walking park. Some foot paths became weaved into the tall grass where people walked their dogs, jogged, rode bikes, etc. We used it for those purposes as well. Recently, someone bought the field and the land around it. We’ve always feared that someone would develop the field into an apartment complex or new neighborhood and ruin our scenic view. So I sought out the new owner for some insight to his plans. He claims he’s not looking to build anything on the property (for now), but he did say he could be interested in selling me the field behind my house (the previous owner had no interest in subdividing the property and I didn’t want the whole 150 acres).
So my question is, if I were to acquire this property, how much liability would I be opening myself up to if I continued to allow the residents of the neighborhood to use the foot paths? What could I do to protect myself? Signage?
It’s flat field of weeds/tall grass and I can see nearly the entire field from my back deck. I feel the only way I’ll know for certain that nothing will ever be built there is if I own it, and the price seems right.
Any insight is appreciated. Thanks!