There are two basic instruments required to establish a land trust. One is a deed in trust conveying the real estate to a trustee. The other is a trust agreement defining the rights and duties of the trustee and the beneficiaries, which is mentioned in the deed of trust but is not recorded. The deed in trust should convey title to real property to a trustee and confer complete trust powers on the trustee so that the trustee can deal with third parties without reference to the trust agreement. Restrictions on the trustee's powers should be set forth in the trust agreement.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Oregon Land Trust Agreement refers to a legal contract entered into between a landowner and a land trust organization in the state of Oregon. This agreement is designed to facilitate the permanent protection of important natural, agricultural, recreational, or historic properties through conservation easements. Conservation easements are the primary mechanism used in Oregon Land Trust Agreements, ensuring that the land remains protected and conserved even if it changes ownership in the future. These agreements are voluntary and are tailored to meet the specific needs and objectives of both the landowner and the land trust organization involved. There are various types of Oregon Land Trust Agreements, each serving a unique purpose. They include: 1. Working Land Conservation Agreement: This type of agreement is designed to support agricultural and forestry practices on the conserved land, ensuring that it remains productive while also protecting its natural resources and ecological integrity. 2. Natural Area Protection Agreement: This agreement emphasizes the preservation of significant natural areas, including wetlands, wildlife habitats, rare or threatened species habitat, and biodiversity hotspots. It aims to safeguard these areas from development, fragmentation, and degradation. 3. Urban/Open Space Agreement: This type of agreement focuses on protecting open spaces within urban areas, such as parks, green ways, and recreational areas, for the benefit of local communities. It aims to provide public access to natural areas, promote sustainable land use practices, and enhance the quality of life in Oregon cities. 4. Historic Preservation Agreement: This agreement aims to safeguard historically significant properties, sites, or structures from alteration, demolition, or unsympathetic development. It ensures the preservation of Oregon's rich cultural heritage and historical landmarks for future generations. Oregon Land Trust Agreements typically have several key components. They establish the terms and conditions of the conservation easement, detailing the specific rights and restrictions associated with the protected land. They also address responsibilities for monitoring and enforcing compliance with the agreement, outline provisions for amendment or termination, and address financial considerations, such as potential tax benefits and compensation. Overall, the Oregon Land Trust Agreement is a powerful tool for landowners who seek to conserve their properties, preserve important natural or cultural resources, and leave a lasting legacy for future generations. Through collaboration between landowners and land trust organizations, these agreements play a vital role in preserving Oregon's unique landscapes, protecting wildlife habitats, and maintaining the state's natural and cultural heritage.
