What are the disadvantages of establishing a conservation easement?
Conservation easements are not appropriate to every property or to every landowner s situation. Careful evaluation of the appropriateness of a conservation easement is critical by both the landowner and the land trust at the beginning of their discussions. It may be, for instance, that the landowner s need to maximize current income overrides the financial benefits of conservation. Or, the reduction in market value of a property by the conservation easement may be unacceptable to the next generation s owners. Further, while the perpetual nature of a conservation easement has the advantage of protecting the property s natural values over the long term, some see it as a disadvantage for subsequent owners to be bound in this way. Finally, conservation easements are partnerships between landowners and conservation organizations. As with any partnership, sometimes there can be disagreements that are difficult to resolve and legal action is the only recourse. That can be costly for both part
Related Questions
- Can a private landowner donate a conservation easement to convey away the propertys development rights but still continue to use the property as before the easement was granted?
- How is the value of the agricultural land conservation easement determined, and by whom?
- What are the disadvantages of establishing a conservation easement?
