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Conservation Easements Pay to Do Nothing
By Rachel Pleasant The Ledger rachel.pleasant@theledger.com
LAKELAND, FL -- Conservation easements might dominate Realtor Dean Saunders's time but the the option to sell development rights isn't necessarily available to the average landowner, whose property may only be a few acres.
But for the owners of large pieces of land, conservation easements allow them to sell the development rights to their property, protecting the land for the future. In exchange for the rights, owners receive compensation in the form of tax benefits, cash, or both. The landowner remains in control of the property and is assured the property will be protected for years to come.
Size isn't the only factor that determines whether a parcel can be considered for an easement. There's a whole list of criteria that includes being home to endangered animals or plants or being adjacent to government land. The land must also contain unique water resources or must be connected to a larger water system.
A conservation easement is also a possibility if the land is a converted wetland or is an Area of Critical State Concern, meaning it encompasses resources and public facilities of major statewide significance.
For more information on conservation easements, contact: Coldwell Banker Commercial Saunders Real Estate 863-648-1528
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