Palm Beach Florida Deed of Conservation Easement

Name: Palm Beach Florida Deed of Conservation Easement
Brand: US Legal Forms
Rating: 4.56 (248 reviews)

Category:

Real Estate - Easements and Rights of Way

State:

Multi-State

County:

Palm Beach

Control #:

US-EAS-5

Format:

Instant download

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.

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FAQ

A conservation easement is a voluntary, legally binding agreement between a landowner and a government or nongovernment conservation organization that keeps land in agricultural and/or open space uses. The agreement is customized to meet the landowner's objectives and, in most cases, is perpetual.

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.

A conservation lot is parcel of land that has a conservation easement on the property. It restricts the use of the property to protect the environmental integrity of the land. This easement is perpetual meaning that when the lot is sold this easement goes with it on the property.

If you own an historic building or an archaeological site, you can play an active role in its preservation by placing a conservation easement on your property. A conservation easement offers property owners flexibility in land management while at the same time protecting some of Florida's history.

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.

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.

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3.2.1 Easements, Conservation Easements, and Covenants . Florida Administrative Code (FAC) is the official compilation of administrative rules for the state of Florida.Linking FLSOLARIS Land Inventory Numbers in the Ownership List . You should work with an experienced real estate attorney to ensure you correctly fill out the proper application forms. Into east palm beach? 2011 and the conservation easement and management plan has been approved. This Real Estate Plan (REP) is provided in support of Palm Beach County Board of Commissioners the Non-Federal sponsor and the Lake Worth Lagoon.

Palm Beach Florida Deed of Conservation Easement

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What is a conservation easement in Florida?

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What is a Palm Beach Deed of Conservation Easement?

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What rights does a landowner retain with a Palm Beach Deed of Conservation Easement?

Can a landowner build structures or make changes to the land under a Palm Beach Deed of Conservation Easement?

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