Document / Practical Pointer

Legal Considerations for Purchased and Exacted Easements

Posted 2022 Reviewed February 2, 2022
Source
Land Trust Alliance
About This Practical Pointer

Conservation easements come in many shapes and forms - exacted, donated, purchased or bargain sale. Drafters question whether a purchased or exacted easement's terms need to (or should) meet IRS requirements for a qualified conservation contribution pursuant to 26 U.S. Code § 170(h). Opinions vary but the following applicable areas of law and charitable sectors standards provide guidance for your land trust's determination of what practices to follow.

Exacted easements are referred to as regulatory, mitigation, involuntary or coerced easements.

Disclaimer

These resources are provided "as is" for informational purposes only, without warranty of any kind. They do not constitute legal or professional advice and do not create an attorney-client relationship. They may not reflect current legal developments and should be adapted for your organization with qualified professional help. The Alliance is not liable for any damages arising from use of or reliance on these resources. Views in individual posts and third-party links/logos are not Alliance endorsements. The Alliance is committed to equal opportunity and does not condone unlawful discrimination.

For accreditation-related materials, please also consult the Land Trust Accreditation Commission website.