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Conservation easement

1. An easement designed to preserve and protect open space or important natural areas.
2. A legal agreement between a landowner and either a land trust or government entity that restricts land use and development on a parcel of real property so as to preserve and protect its conservation and natural resource values.

Added: Thu Feb 14 2008
Last Modified: Thu Apr 03 2008

Related Terms

Easement Open space Land use Real property Conservation Easements - How to Protect Natural Areas and Get a Tax Break, Too

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