Conservation Easement

Conservation Easement

Ans # A

It is not possible that every property is qualified for conservation easement because internal revenue service has certain set of rules and regulations foe a property to get qualified for conservation easement. According to Internal Revenue Service rules and regulations, property must fulfill significant conservation values. The regulations include wetlands, beaches, forest, scenic areas and endangered spices habitat. Therefore, a property should meet aforementioned criteria to qualify for conservation easement. Moreover, it is also a matter of fact that the conservancy also possess right to build or set its own criteria for a land to accept in conservation easement.

Mechanics involved

It is not a simple task to enter into contract of conservation easement but involve a comprehensive procedure. It is fact that the procedure is very time consuming job and also expensive.

If a landowner wishes to enter into a conservation easement, it is highly recommended that he should have effective and capable professional personals that help him in sorting out all the required financial and legal issue. It is not easy to sort out especially legal issues without having prior knowledge. It is the responsibility of the landowner to find and select a governmental agency or any other organization (should be qualified under rules and regulations to enter for conservation easement) which is ready or willing to accept or purchase a donations of conservation easement. The priorities of governmental organizations and other conservation organizations for protecting lands can vary due to their missions and available resources. Therefore, it is a time consuming job to find the appropriate one. These organization focus on factors such as historical values, farmland, cultural values, current use, wildlife, the size and location of the property, farmland and the whether the preservation of the land will benefit the public or not ...