Hi Vinny,
I'm currently interested in a property that is under a conservation easement. Could you tell me what kinds of things might be potential concerns or "red flags" to look out for?
- Conservation Easement Concerns
Deferring Tax on Mixed-Use Properties Utilizing Sections 1031 and 121
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Conservation Easement Reservations - Ask Vinny
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Conservation Easements: Key Considerations for Buyers - Ask Vinny
Posted: Tuesday, November 21, 2023
Author: Vinny Delgado, Partner, Ranch Sales | Licensed in MT
Dear Conservation Easement Concerns,
Thoroughly reading the easement is essential to fully understanding what can and cannot be done on the subject property. I also recommend that a real estate attorney decipher the easement for you. Understanding all subdivision restrictions, building restrictions, development areas, and anything else in the easement is vital for deciding whether you want to move forward with the purchase. Conservation easements are not harmful if they are thoughtfully crafted, but not all conservation easements are created equally.
- Vinny
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