Donate Land For Conservation In Virginia

State:
Multi-State
Control #:
US-00207
Format:
Word; 
Rich Text
Instant download

Description

The Agreement for Donation is a legal document outlining the terms under which land is donated for conservation in Virginia, specifically for the development of a premium quality 18-hole golf course. This agreement includes key features such as the description of the gift, conditions precedent to the donation, allowed use of the donated property, and the construction timelines. It emphasizes the rights of the owners to approve various aspects of the project, including design and location, ensuring their conditions are met before finalizing the donation. Notably, it stipulates that the land must be used solely for the golf course and related recreational purposes, with a reverter clause if the property ceases to be utilized as intended. The form serves a crucial function for attorneys, partners, owners, associates, paralegals, and legal assistants by providing clear guidelines on the donation process, necessary approvals, and compliance obligations. By using this form, legal professionals can assist clients in navigating the complexities of land donation and ensure that both parties are protected and their interests represented.
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  • Preview Agreement for Donation of Land to City
  • Preview Agreement for Donation of Land to City

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FAQ

Contact land trusts and government agencies that work to assist landowners in your community who are interested in conservation. Get to know their policies and services, and discuss what you'd like to accomplish on your land and what rights you'd like to keep.

A conservation easement is just one of many options. You may also donate or sell property, donate or sell development rights, or do a bargain sale with a land trust. The opportunity of a permanent conservation easement can protect a family farm or ranch, allowing for future generations to continue in agriculture.

Generally, conservation easements reduce the property values by 15%-45% based on the property attributes along with what rights of ownership are “given up.” The landowner may take a deduction of up to 50% of their federal adjusted gross income for the year.

Contact land trusts and government agencies that work to assist landowners in your community who are interested in conservation. Get to know their policies and services, and discuss what you'd like to accomplish on your land and what rights you'd like to keep.

Land conservation is the process of protecting natural land and returning developed land to its natural state.

Drawbacks Of Conservation Easements Most conservation easements are permanent and bind all future landowners (including heirs). Conservation easement holders and farmers may not always share a common vision. Conservation easements can reduce the property's overall value, making the land worth less for future sales.

What is the Land Use Program? Virginia law and County Code allows eligible agricultural, horticultural, forest and open space land to be taxed based on the land's use value as opposed to the land's market value. The tax reduction that is applied in the Land Use Program is a deferral, not a discount.

To be eligible: The property is experiencing detrimental impacts from stormwater in the form of erosion, poor groundcover, and/or excess runoff.

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Donate Land For Conservation In Virginia