Maryland Easement Forestland Conservation
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FAQ
A conservation easement is a voluntary legal agreement to preserve land in perpetuity (legal term meaning forever). A conservation easement is a deed but it does not transfer land ownership. Instead the deed spells out a landowner's commitments to protect the existing character of his property.
A conservation easement is a voluntary legal agreement between a landowner and a land trust or government agency that permanently limits uses of the land in order to protect its conservation values.
You can protect your land through a voluntary land protection agreement called a Deed of Conservation Easement. This is a legal agreement between a landowner and the Maryland Environmental Trust, which restricts the future uses of the landowner's property.
A conservation easement, in its original, legitimate form, is granted when a landowner permanently protects pristine land from development. In that scenario, the public enjoys the benefit of undeveloped land and the taxpayer gets a charitable deduction.
Cons:A conservation easement is typically perpetual.A future owner or your heirs may not have the same affinity for conservation as you do.The future value of the property will likely be diminished as a result of the restrictions of the easement.Not all land will qualify for a conservation easement.More items...?