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    Practice 11B: Baseline Documentation Report

    Posted 2018 Reviewed May 10, 2018
    Source
    Land Trust Alliance
    About This Practice

    This guidance covers Practice 11B, which has three elements:

    1. ⬤ For each conservation easement, have a baseline documentation report (■), with written descriptions, maps and photographs, that documents:

      1. ⬤ a. The conservation values protected by the easement

      2. ⬤ b. The relevant conditions of the property as necessary to monitor and enforce the easement

    2. ⬤ Prepare the report prior to closing and have it signed by the landowner and land trust at or prior to closing

      1. ⬤ a. In the event that seasonal conditions prevent the completion of a full baseline

        documentation report by closing, the landowner and land trust sign a schedule

        for finalizing the full report and an acknowledgement of interim data [that for

        donations and bargain sales meets Treasury Regulation §1.170A-14(g)(5)(i)]

        at closing

    3. ⬤ When there are significant changes to the land or the conservation easement (such as a result of an amendment or the exercise of a permitted right), document those changes in an appropriate manner, such as through monitoring reports, a baseline supplement or current conditions report

    ⬤ Accreditation indicator element | ■ Terrafirma enrollment prerequisite | ▲ Required for both

    © 2018 Land Trust Alliance, Inc. All rights reserved.

    Membership Required

    This resource is a Land Trust Alliance member benefit for the staff, board and volunteers of land trust and affiliate member organizations, and Alliance donors at the Protector level.