Dictionary
easement
noun
Legal right to use another person's property, generally in order to cross a part of the property, or to gain access to something on the property.
synonyms
Exact(53)
In giving up their right to sell the land at its market value, the Leaches have placed a conservation easement on it, a legal agreement between landowner and land trust that restricts development of the property.
The conservation easement, the legal tool that makes the deal work, is meant to be permanent.
As Dan Pike, vice-president of the Colorado Coalition of Land Trusts, puts it, "We are giving landowners another choice about what they can do with their land".One innovative way to do this is to offer landowners a state income-tax credit in exchange for a conservation easement on their property.
As outright land purchases have decreased, conservation is increasingly becoming an easement business.
Colorado, overstretched, is passing responsibility for these to the federal Internal Revenue Service, which has conducted 250 audits on Colorado easement transactions in the past 14-16 months.Local land trusts sympathise with the criticisms, but see no need to end the programme.
It offers an income-tax credit of 50% of the fair market value of the easement to a maximum of $375,000.These credits are also impressively flexible.
Similar(7)
Public-private beaches are difficult to navigate; the private-property and public-easement lines are invisible, and the legal boundaries of the public lands change every hour.
The business of such meetings should be sewer easements and highway maintenance, not Jesus.
ON THE eve of the return of General Anthony Zinni, America's Middle East envoy, to the region on January 3rd, Ariel Sharon ordered a series of "easements" in the restrictive measures long imposed by the Israeli army on much of the Palestinian territory.
Such conservation easements are often worth most of the land's value and would raise the revenue to cover estate taxes.
Your correspondent, coming down through the woods, was startled to chance across one of these modern Robin Hoods in full camouflage, and felt lucky to escape alive.Most environmental groups think a piecemeal approach outright land purchase, with conservation easements in special cases might be a compromise worth pursuing.
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