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Texas Conservation Easement to Preserve Open Space Lines

McKinney Texas Conservation Easement to Preserve Open Space Lines

Name: McKinney Texas Conservation Easement to Preserve Open Space Lines
Brand: US Legal Forms
Rating: 4.81 (217 reviews)

Category:

Texas Real Estate - Easements and Rights of Way

State:

Texas

City:

McKinney

Control #:

TX-EAS-4

Format:

Instant download

Description

This Texas easement form is a Conservation Easement to Preserve Open Space Lines preserves property in its natural scenic and open space condition.

An easement gives one party the right to go onto another party's property. That property may be owned by a private person, a business entity, or a group of owners. Utilities often get easements that allow them to run pipes or phone lines beneath private property. Easements may be obtained for access to another property, called "access and egress", use of spring water, entry to make repairs on a fence or slide area, drive cattle across and other uses. The easement is a real property interest, but separate from the legal title of the owner of the underlying land.

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FAQ

A conservation easement is a voluntary agreement with a nonprofit land trust or government agency that allows a landowner to limit the type or amount of development on their property while retaining private ownership of the land.

Benefits Of Conservation Easements Selling a conservation easement can be a good way to get some cash out of the property. Landowners who donate conservation easements may receive tax benefits. Conservation easements can reduce the property's overall value, making the land more affordable for future farmers.

The Land Trust Model Roughly 40 million acres nationwide are protected by conservation easements, with about half of that under the stewardship of land trusts.

When a conservation easement is placed on a property, it typically lowers the property's value for federal estate tax purposes and may decrease estate tax liability. Therefore, easements may help heirs avoid being forced to sell off land to pay estate taxes and enable land to stay in the family.

An agricultural conservation easement is a voluntary, legally recorded deed restriction that is placed on a specific property used for agricultural production. The goal of an agricultural conservation easement is to maintain agricultural land in active production by removing the development pressures from the land.

People grant conservation easements because they want to protect their property from future unwanted development and damaging land uses, while retaining ownership of their land.

A conservation easement is a voluntary, written agreement between a landowner and the ?holder? of the conservation easement under which a landowner voluntarily restricts certain uses of the property to protect its natural, productive or cultural features.

Broadly applied, a conservation easement is a legal agreement a property owner makes with a non-profit or government organization to protect a cultural or natural resource on his property.

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McKinney Texas Conservation Easement to Preserve Open Space Lines

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