Conservation easement

A legal document that permanently preserves land that the easement encumbers for conservation purposes as described in the document. Typically, conservation easements are granted by landowners to a nonprofit such as Western Reserve Land Conservancy. Most are charitable donations. Some are purchased, and some are reserved by the non-profit when a transfer of property owned by the non-profit is made. (Legally, there are conservation easements that have specific terms after which they expire. However, these are not tax-deductible conservation easements, and it is unlikely that Western Reserve Land Conservancy would ever consider using one.)

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