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California Conservation Easement Deed

Easement Real Estate

Name: California Conservation Easement Deed
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.85 (492 reviews)

Category:

California Real Estate - Easements and Rights of Way

State:

California

Control #:

CA-EAS-2

Format:

Instant download

Description Real Estate Form

Granted between two non-profit corporations to maintain natural resource values, aesthetic values, cultural values and opportunities for public access and recreation among others.

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California Easement Deed Other Form Names

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Ca Easement Deed FAQ

The value of the donation of a conservation easement is considered a charitable deduction for income tax purposes. The deduction is up to 50% of the donor's charitable contribution base (adjusted gross income, less net operating loss carryback) for the taxable year.

(a) A conservation easement is an interest in real property voluntarily created and freely transferable in whole or in part for the purposes stated in Section 815.1 by any lawful method for the transfer of interests in real property in this state.

The value of a conservation easement is determined by a qualified appraiser. The appraiser determines the value of the land before the conservation easement and subtracts the value of the land after the conservation easement to determine at the value of the conservation easement.

Under IRS rules, a conservation easement must achieve at least one of the following purposes: preservation of land for outdoor recreation or education of the general public; preservation of natural habitat for fish, wildlife, or plants; preservation of open space, including farmland or forest; or preservation of a

The easement places limits on land use to help conserve the property's features. With an easement, the landowner still owns the land and can continues to live on and use it, restrict public access to it, and sell, give or pass the property on to whomever they wish.

A property easement is generally written and recorded with the local assessor's office. The documented easement will show up when a title search is conducted and it stays there indefinitely, unless both parties agree to remove it.

Recording: The Easement must be recorded in the Office of the County Recorder of the county in which the Land is located. Copies: Copies of the fully executed recorded Easement should be provided to the campus real estate office and to RESS.

Decide on your vision. Think about your wishes, needs and objectives for your land. Check out potential partners. Contact land trusts and government agencies that work to assist landowners in your community who are interested in conservation. Get checked out. Take the plunge. Build your partnership.

Conservation easements are a great idea, in theory. Here's the way they work. Basically, if you are willing to donate your property for the public good, and that donation reduces the value of your property, you get to take a tax deduction equal to the reduction in the value of your property.

Easement Real Estate

Description Real Estate Form