SAT grant recipients are required to obtain a 50-year preservation easement on the property. What is a preservation easement and how is it obtained?
A preservation easement is a voluntary legal agreement that protects a significant historic, archaeological, or cultural resource. An easement provides assurance to the owner of a historic or cultural property that the property’s intrinsic values will be preserved through subsequent ownership. Under the terms of an easement, a property owner grants a portion of, or interest in, their property rights to an organization whose mission includes historic preservation. Once recorded, an easement becomes part of the property’s chain of title and usually “runs with the land” in perpetuity, thus binding not only the owner who grants the easement but all future owners as well. Grantees who accept SAT funding must agree to obtain a preservation easement on the property. It must run for no less than 50 years from the date it is registered with the county and must cover the entire property (unless the NPS feels that a partial easement would be acceptable, though this is unusual). Most easements are
Related Questions
- My property is already protected against changes by future owners through a local preservation law . . . wouldn’t an easement be redundant?
- How do I know if the Commission holds a Historic Preservation Covenant, Easement or Preservation Interest on my property?
- What does the county receive when it purchases an agricultural preservation easement on a property?
