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> in perpetuity Or until the current owners convince a court of law to extinguish the conservation easement.
by rootusrootus 4y ago
> in perpetuity
Or until the current owners convince a court of law to extinguish the conservation easement.
- toomuchtodo 4y agoYou should research what’s required to do so and the odds of it occurring. Only in rare/limited circumstances can the easement be terminated, and the IRS has some oversight into this because of the tax consequences of these easements (as you can claim a charitable tax deduction for donating and extinguishing the development capability of the parcel).
- rootusrootus 4y agoI've done the first part [0]. But I don't know an easy way to assess the second part. Clearly congress intended for it to be difficult, but the idea that a conservation easement is in fact permanent should always have an asterisk next to it. [0]: https://www.landcan.org/article/extinguishing-transferring-and-amending-conservation-easements/727 https://www.landcan.org/article/extinguishing-transferring-a...