|
ailt.org
Website: | https://ailt.org/ | Upvotes received | 0 |
Downvotes received | 0 |
Karma: | 0 (upvotes-downvotes) |
|
0 earned Badges No badges were found
Definitions (16)
1 |
0
0
Watershed
The region draining into a river, river system, or other body of water.
Meaning awaits approval from a moderator |
2 |
0
0
Option agreement
A contract made to keep an offer open to purchase a Conservation Easement, land in fee simple title, etc. for a specified period, so that the offeror cannot revoke the offer during that period.
Meaning awaits approval from a moderator |
3 |
0
0
greenway
An area with a critical mass of nearby and connected open spaces which together afford a community substantial benefits such as wildlife habitat corridors, sweeping scenic views, recreational corridor [..]
Meaning awaits approval from a moderator |
4 |
0
0
DEED
A legal document by which ownership to land and interests in land are transferred.
Meaning awaits approval from a moderator |
5 |
0
0
Conservation
The care and stewardship of natural resources.
Meaning awaits approval from a moderator |
6 |
0
0
conservation easement
A conservation easement is a perpetual legal agreement between a landowner and a qualified organization, such as a land trust, that restricts future activities on the land so as to protect its conserv [..]
Meaning awaits approval from a moderator |
7 |
0
0
Baseline Documentation Report
A record of the conservation values identified in the conservation easement and the relevant conditions of the property used to monitor and enforce the conservation easement. Contains maps, photograph [..]
Meaning awaits approval from a moderator |
8 |
0
0
APPRAISAL REPORT
The Internal Revenue Code requires a “qualified appraisal” prepared by a “qualified appraiser” for gifts of property, including Conservation Easements, valued at more than $5,000.
Meaning awaits approval from a moderator |
9 |
0
0
Bargain sale
The sale of a conservation easement or land in fee simple title to a land trust or other qualified holder for an amount less than the appraised fair market value. Selling land at a bargain sale rate m [..]
Meaning awaits approval from a moderator |
10 |
0
0
Stewardship
Those steps necessary to preserve a conservation easement in perpetuity, including the creation of baseline documentation reports, regular monitoring, landowner relations including successor generatio [..]
Meaning awaits approval from a moderator |
To view all 16 definitions, please sign in.