Practice 9I: Selling or Transferring Land or Conservation Easements

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.