Document / Practice

Practice 9I: Selling or Transferring Land or Conservation Easements

Posted 2017 Updated August 9, 2018
Source
Land Trust Alliance
About This Practice

This guidance covers practice 9I which has two elements:

1. When selling land, conservation easements or other real property interests:

  • Establish protections as appropriate to the property

  • If the sale is to a party other than another tax-exempt organization or public agency, obtain an independent appraisal by a qualified appraiser or a letter of opinion from a qualified real estate professional to determine the value of the asset and to support the selling price

  • Select buyers in a manner that avoids any appearance of impropriety

2. When selling or transferring conservation land or conservation easements to another tax-exempt organization or public agency, consider whether the new holder can fulfill the long-term stewardship and enforcement responsibilities.

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.