A conservation easement can be a useful tool to accomplish a variety of landowner objectives. One of the primary reasons owners place an easement on their property is to receive a direct cash payment, often in combination with state tax credits and a federal tax deduction. The benefit to the owner is they retain ownership and use of their entire parcel and “sell” some or all of their ability to develop the land. The public benefits because the limited development translates into open vistas and less interruption in open landscapes.
Properties encumbered by conservation easements typically experience a longer sales effort and attract a smaller pool of buyers. The encumbrance on the property results in a diminution of value which can also benefit the landowner by lowering the value of the estate.
There are several organizations that are qualified to hold conservation easements and each trust is unique and distinct as is each conservation easement. Time and money spent on the front end discussing how to best fit a conservation easement to your land, your income and your future plans will be well spent.
The featured property below, Deep Creek Ranch, has numerous exit strategies; one of them may be conservation.
Click here to view more colorado ranches for sale that may qualify for conservation easements.
By: Christy Belton