Who gets the money when a conservation easement property is sold?
The landowner gets all the money from the future sale of easement lands. The only exception would be sales that involve the termination of the easement agreement by a court or through condemnation. Typically this would only occur when the land is being condemned by the government for public purposes (building a road, school, etc.). A qualified appraiser determines the value of the easement when it is signed.
Related Questions
- Can a private landowner donate a conservation easement to convey away the propertys development rights but still continue to use the property as before the easement was granted?
- What are the typical costs associated with placing a Conservation Easement on property, even when the easement is donated?
- Who gets the money when a conservation easement property is sold?
