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The conservation easement's purposes will vary depending on the character of the particular property, the goals of the land trust or government unit, and the needs of the landowners. For example, an easement's purposes (often called "conservation objectives") might include any one or more of the following: Maintain and improve water quality;
Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. ... Some properties have conservation easements, for example, which require property ...
May 14—The idea of placing family land under a conservation easement has been on Luci Yeat's mind for 35 years. Now, a portion of that land is officially conserved in perpetuity. A total of 76.5 ...
Under the conservation easement, GreenWood Resources — a timber investment company that manages lands previously owned by Weyerhaeuser and other timber companies — will continue to own the ...
Conservation easements offer great flexibility. An easement on property containing rare wildlife habitat might prohibit any development, for example, while an easement on a working farm might allow the addition of agricultural structures. An easement may apply to all or a portion of the property, and need not require public access.
Petitioner Coy Koontz applied to the St. Johns River Water Management District for a permit to develop 3.7 acres of wetlands under the District's jurisdiction. [2] Koontz offered to mitigate the loss of wetlands by conveying to the District a conservation easement over 11 acres of adjacent land.
Conversely, an easement in gross benefits an individual or a legal entity, rather than a dominant estate. The easement can be for a personal use (for example, an easement to use a boat ramp) or a commercial use (for example, an easement to a railroad company to cross property to build and maintain a rail line).
Purchasing of credits by the easement holder from the landowner creates a legal contract, known as a conservation easement. The conservation easement binds the landowner to uphold the requirements of the conservation bank. [1] Another advantage is that purchasing credits from a conservation bank ensures that species and/or habitat protection is ...