| Stewardship
Responsibilities
After donating a preservation easement in perpetuity, the property
owner continues to own, manage and maintain the property within
the limits of the easement while bearing all costs and liabilities
related to ownership. As part of the property’s chain of title,
the preservation easement binds not only the present but also future
property owners.
Upon receiving a preservation easement donation, Preservation Easement
Trust assumes permanent responsibility for monitoring and enforcing
the provisions of the preservation easement. The Trust is always
available to answer questions about the preservation easement and
pro-actively works with the property owner to avoid any potential
conflicts. The Trust’s stewardship responsibilities include
performing annual property inspections, tracking changes in property
ownership, answering property owner questions, approving permitted
activities, and correcting violations through voluntary compliance
or, if necessary, legal proceedings.
The Preservation Easement Trust maintains an endowment fund to pay
for the ongoing costs of administering, monitoring, and enforcing
of its preservation easements. Upon the conveyance of a preservation
easement, the property owner makes a suggested one-time tax-deductible charitable
contribution equivalent to 3% of the appraised easement value or $15,000
per property, whichever is greater.
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