Bronx New York Deed of Conservation Easement

State:
Multi-State
County:
Bronx
Control #:
US-EAS-5
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Word; 
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Description

This is a sample form for use in transactions involving easements, a Deed of Conservation Easement. Allows limited land uses on the property to preserve scenic, natural, open space, historical, educational and/or recreational values.

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.
A Bronx New York Deed of Conservation Easement is a legal document that grants certain rights and restrictions on a property to protect its natural resources, open spaces, and historical or cultural features. This deed is typically entered into voluntarily by a property owner, with the goal of preserving the land's ecological, scenic, or historic qualities for future generations. Conservation easements in the Bronx, New York, come in various forms, each catering to specific objectives. Some common types of Bronx New York Deed of Conservation Easements include: 1. Ecological Conservation Easement: This type of easement focuses on protecting and preserving the natural habitats, flora, and fauna found on a property. It may involve restrictions on development, limiting land disturbance, and promoting sustainable land management practices maintaining the ecological balance. 2. Scenic Conservation Easement: Scenic easements aim to safeguard visual landscapes, vistas, and unique geographical features. It often prohibits construction or alterations that would obstruct or degrade the scenic qualities of the property, ensuring the preservation of natural beauty, such as views, water bodies, or distinctive landmarks. 3. Historic Conservation Easement: When a property holds historical or cultural significance, a historic preservation easement can be established. This type of conservation easement protects structures, landmarks, or archaeological sites from alteration, demolition, or inappropriate renovations, thereby preserving their historical character and value. 4. Agricultural Conservation Easement: Designed to promote the preservation of farmland and agricultural operations, these easements typically include limitations on subdivision, non-agricultural development, and promote sustainable farming practices. The aim is to protect local food sources, maintain rural landscapes, and support the agricultural economy. Bronx New York Deeds of Conservation Easement offer a proactive approach for property owners to maintain the unique qualities and values their land holds. By voluntarily entering into these agreements, individuals contribute to the conservation efforts and help shape the future of the Bronx's natural and cultural heritage.

A Bronx New York Deed of Conservation Easement is a legal document that grants certain rights and restrictions on a property to protect its natural resources, open spaces, and historical or cultural features. This deed is typically entered into voluntarily by a property owner, with the goal of preserving the land's ecological, scenic, or historic qualities for future generations. Conservation easements in the Bronx, New York, come in various forms, each catering to specific objectives. Some common types of Bronx New York Deed of Conservation Easements include: 1. Ecological Conservation Easement: This type of easement focuses on protecting and preserving the natural habitats, flora, and fauna found on a property. It may involve restrictions on development, limiting land disturbance, and promoting sustainable land management practices maintaining the ecological balance. 2. Scenic Conservation Easement: Scenic easements aim to safeguard visual landscapes, vistas, and unique geographical features. It often prohibits construction or alterations that would obstruct or degrade the scenic qualities of the property, ensuring the preservation of natural beauty, such as views, water bodies, or distinctive landmarks. 3. Historic Conservation Easement: When a property holds historical or cultural significance, a historic preservation easement can be established. This type of conservation easement protects structures, landmarks, or archaeological sites from alteration, demolition, or inappropriate renovations, thereby preserving their historical character and value. 4. Agricultural Conservation Easement: Designed to promote the preservation of farmland and agricultural operations, these easements typically include limitations on subdivision, non-agricultural development, and promote sustainable farming practices. The aim is to protect local food sources, maintain rural landscapes, and support the agricultural economy. Bronx New York Deeds of Conservation Easement offer a proactive approach for property owners to maintain the unique qualities and values their land holds. By voluntarily entering into these agreements, individuals contribute to the conservation efforts and help shape the future of the Bronx's natural and cultural heritage.

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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.

As an investment, syndicated conservation easements are private placements that promise investors a tax deduction worth up to 5x a person's investment. Brokers and investment advisors often target high net-worth individuals that are seeking to exploit the tax benefits of the conservation easement.

A conservation easement is a voluntary, legal agreement that protects the natural resources of a parcel of land by restricting future land use and/or development on the property "in perpetuity" (permanently).

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.

Conservation easements are valuable to investors when created through tax-deductible donations. You see, if you own land, you can donate a portion of it to be used as a conservation easement and it counts as a charitable deduction.

Cons: A conservation easement is typically perpetual. A future owner or your heirs may not have the same affinity for conservation as you do. The future value of the property will likely be diminished as a result of the restrictions of the easement. Not all land will qualify for a conservation easement.

A conservation easement lowers the property value and, correspondingly, estate taxes. In some cases, a conservation easement may drop the value of the estate below the threshold for estate taxes altogether. Heirs can exclude 40% of the value of land under conservation easement from estate taxes.

The Benefits of a Conservation Easement Protect open space or critical habitat on your land whether it's a family farm or ranch, wetland, pasture or forestfrom encroaching development. Preserve the agricultural value and traditional uses of your land by allowing for continued farming, ranching and timber harvesting.

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Conservation easement deeds must be recorded in the public record. Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last.

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Bronx New York Deed of Conservation Easement