Fee simple. In these transactions the ownership of the land changes hands. Often any residential building will be subdivided under rules applicable only to the County and sold off, or leased out. Restrictive. No ownership change is involved but the conservation easement is held by the County (or other recognized entity) in exchange for real […]
Understand that if you are buying a property with a Conservation Easement, a previous owner has taken a drawdown in some monetary form, and the parcel is theoretically now of diminished value. A governing document will set out the allowed and disallowed uses. These may include a restriction on buildings, a clause tying the water […]
What are they? A voluntary agreement between a landowner and another entity, normally one with funding sufficient to close and support the deal. The landowner gives up some of the value in exchange for money, tax credits or development rights on a portion of the land. Alternatively, the agreement could be one of fee simple […]
Not particularly long and not the same every year! I love heirloom tomatoes and hubbard squash, but need to move to the tropics to guarantee them coming to maturity before the frost—and to get away from the bears who have similar tastes. Then, too, the early season can be plagued by a late freeze and […]
