Posted by valleview on May 22, 2021 at 15:51:29 from (184.105.50.34):
In Reply to: Conservation Easement posted by Joel Cassell on May 22, 2021 at 07:04:15:
The conservation easements with which i am familiar permanently restrict the property to the uses agreed to in the easement - usually agriculture or open spaces used for hiking for example. The owner received a payment for making these restrictions. He signed away the rights to develop, mine, log or disturb the property for himself and all subsequent owners unless specified in the easement. In theory, governments could not take the property by eminent domain to build a road or section 8 housing. Hard to say how the legal system would handle that. The price for the property should reflect these restrictions and it should should be considerably cheaper than similar property. Unfortunately, that lower price would also apply to you should you decide to sell. Contacting the easement holder and a lawyer is sound advice.
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