Puerto Rico Environmental Restriction Easement (PÈRE) is a legal mechanism that allows landowners in Puerto Rico to voluntarily place permanent restrictions on their properties to protect and preserve the environment. These restrictions, often referred to as easements, aim to maintain the ecological integrity, biodiversity, and cultural heritage of the island. PÈRE encompasses various types of environmental restrictions easements, each serving specific conservation purposes. Some key types include: 1. Conservation Easement: This type of easement is the most common and involves restrictions on development, resource extraction, or any activity that may degrade or harm the natural environment. It ensures the long-term conservation of ecosystems, wildlife habitats, and natural resources. 2. Historic Preservation Easement: This easement focuses on protecting historically significant buildings, structures, or cultural landscapes from alteration or demolition. It helps preserve Puerto Rico's cultural heritage and maintains the architectural character of historic properties. 3. Agricultural Easement: Aimed at maintaining agriculture as a way of life and promoting sustainable farming practices, this easement restricts non-agricultural development, ensuring that valuable farmlands remain protected and productive even amidst urban expansion. 4. Scenic Easement: Scenic easements primarily aim to protect visually appealing landscapes, such as scenic views, vistas, or other aesthetic elements that contribute to the unique beauty of Puerto Rico. These restrictions prevent unsightly developments that may undermine the island's natural or cultural beauty. 5. Riparian Easement: This type of easement focuses on protecting water bodies, such as rivers, streams, or wetlands, by restricting activities that could result in water pollution, erosion, or damage to aquatic habitats. It ensures the integrity of Puerto Rico's water resources and plays a crucial role in safeguarding its delicate ecosystems. 6. Recreation Easement: Recreation easements are designed to protect areas that provide opportunities for outdoor recreational activities, such as hiking, camping, or wildlife observation. These restrictions ensure continued access to nature-based recreational opportunities in Puerto Rico. It is important to note that Puerto Rico Environmental Restriction Easements are voluntary, meaning landowners can choose to enter into these agreements with the Puerto Rico Department of Natural and Environmental Resources or other conservation organizations. These easements provide legal assurance that the specified restrictions will be upheld, even if the property is sold or transferred to future owners, thus ensuring long-term environmental protection throughout Puerto Rico.
Puerto Rico Environmental Restriction Easement
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A conservation easement allows landowners to hold and use their property but permanently remove development rights in exchange for tax benefits. Land Trusts. Organizations that manage the easements and obtain federal funding.
Hear this out loud PauseAgricultural Land Easements help private and tribal landowners, land trusts, and other entities such as state and local governments protect croplands and grasslands on working farms and ranches by limiting non-agricultural uses of the land through conservation easements.
A conservation easement is a voluntary, legal agreement that permanently limits uses of the land in order to protect its conservation values. Also known as a conservation restriction or conservation agreement, a conservation easement is one option to protect a property for future generations.
Conservation easements are conveyed by deed, have a conservation purpose, are in perpetuity (legal term meaning forever), require stewardship and monitoring, may only be extinguished by a court of law, are permanent and may offer tax benefits.
Benefits of Land Conservation Reducing air and water pollution. Preserving open and green spaces. Preserving fish and wildlife habitats, endangered species, and biodiversity. Managing and protecting watersheds and wetlands. Maintaining scenic landscapes and recreational amenities.
Hear this out loud PauseThe Puerto Rico Conservation Easements Law, Act No. 183 of December 27, 2001, was created to achieve collaboration between the private sector, non-pro t organizations and the Government, in order to foster the conservation of areas of natural, cultural or agricultural value by establishing conservation easements.
Hear this out loud PauseBy voluntarily limiting some of these activities, a conservation easement allows a landowner to retain private ownership while also achieving other goals, like protecting a farming or ranching operation, preserving open space or conserving habitat for wildlife.
Hear this out loud PauseThe IRS defines in Treasury Regulation 1.170A-14 what a qualified conservation contribution is. Basically, it requires that you donate a qualified real property interest to a qualified organization, which is exclusively for a conservation purpose and in perpetuity.