The Scoop on Conservation Easements for Ranch Land
A conservation easement is a voluntary agreement that limits the use of your land in perpetuity to preserve it. This is a legally binding agreement between a property owner and a land trust with mutual benefits. For one, the conservation easement puts the land under certain development restrictions to keep it intact for future generations. The landowner is reimbursed through tax benefits or a check that they can put in their pocket or back into improvements on the property.
When placing a conservation easement on your property, it is extremely important to look beyond your immediate needs and take into consideration what the next owner may want or need. This decision affects your future use, the next owner’s future use and the resale value of your property.
Check out some of the reasons to consider, or stay away from, a conservation easement by clicking here.