{"id":369174,"date":"2016-04-04T10:47:16","date_gmt":"2016-04-04T15:47:16","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/realestate\/land-use-laws\/preservation-easements.html"},"modified":"2024-06-24T11:53:08","modified_gmt":"2024-06-24T16:53:08","slug":"preservation-easements","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/land-use-laws\/preservation-easements.html","title":{"rendered":"Preservation Easements"},"content":{"rendered":"\n<div class=\"wp-container-core-columns-is-layout-9d6595d7 fl-sectionWithSidebar fl-container fl-flex fl-flex-wrap fl-gap30\">\n    \n    <div class=\"fl-page-articles fl-section-main fl-section-main-full-width\">\n        <h1 class=\"fl-no-margin-top\">Preservation Easements<\/h1>\n<section class=\"fl-gutenberg-byline\">\n    <div class=\"fl-gutenberg-byline-content\">\n                    By <a href=\"https:\/\/www.findlaw.com\/company\/our-team\/robert-rafii-esq\/\">Robert Rafii, Esq.<\/a> | Legally reviewed by <a\n                href=\"https:\/\/www.findlaw.com\/company\/our-team\/robert-rafii-esq\/\">Robert Rafii, Esq.<\/a>\n                | Last updated\n        <time>\n                            June 24, 2024\n                    <\/time>\n    <\/div>\n\n    \n    <details class=\"fl-gutenberg-byline-toggle fl-gutenberg-byline-legally-reviewed\">\n        <summary>\n            <i class=\"fl-gutenberg-byline-icon\" aria-hidden=\"true\"><\/i>\n            Legally Reviewed\n        <\/summary>\n\n        <div class=\"fl-gutenberg-byline-toggle-content\">\n            <p><em>This article has been written and reviewed for legal accuracy, clarity, and style by <a href=\"https:\/\/www.findlaw.com\/company\/our-team.html\">FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with <a href=\"https:\/\/www.findlaw.com\/company\/company-history\/editorial-policy.html\">our editorial standards<\/a>.<\/em><\/p>\n\n        <\/div>\n    <\/details>\n\n    <details class=\"fl-gutenberg-byline-toggle fl-gutenberg-byline-fast-checked\">\n        <summary>\n            <i class=\"fl-gutenberg-byline-icon\" aria-hidden=\"true\"><\/i>\n            Fact-Checked\n        <\/summary>\n\n        <div class=\"fl-gutenberg-byline-toggle-content\">\n            <p><em>The last updated date refers to the last time this article was reviewed by FindLaw or one of our <a href=\"https:\/\/www.findlaw.com\/company\/our-team\/contributing-authors.html\">contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please <a href=\"https:\/\/lawyers.findlaw.com\/?fli=bylinelink\" target=\"_blank\" rel=\"noopener\">contact an attorney in your area<\/a>.<\/em><\/p>\n\n        <\/div>\n    <\/details>\n<\/section>\n<p>Like&nbsp;<a href=\"https:\/\/www.findlaw.com\/realestate\/land-use-laws\/conservation-easements.html\">conservation easements<\/a>, preservation easements protect against undesirable development and indirect deterioration of historic sites.<\/p>\r\n<p>They provide a public benefit by allowing qualified organizations, such as the National Park Service, to maintain historic landmarks inside of land trusts.<\/p>\r\n<p>Preservation easements are an effective legal tool for protecting privately owned historic properties. They are usually expressly created by formal historic preservation easement deeds.<\/p>\r\n<p>Depending on the terms of the easement, preservation easements can prohibit:<\/p>\r\n<ul>\r\n<li>Alteration of the structure&#8217;s significant features<\/li>\r\n<li>Changes in the usage of the building and land or sub-part of the land<\/li>\r\n<li>Changes to any physical features of the easement property<\/li>\r\n<\/ul>\r\n<p>These restrictions are covenants. As legal agreements, they are binding. A conservation easement protects places like a preservation easement. It does so by requiring donors and preservation organizations to follow strict guidelines. The stewardship of an easement-holding organization can:<\/p>\r\n<ul>\r\n<li>Preserve public access to open spaces for future generations<\/li>\r\n<li>Advance public benefits rather than the commercial value of the property in question<\/li>\r\n<\/ul>\r\n<h2><b>Preservation Easements and Taxes<\/b><\/h2>\r\n<p>Property owners enjoy certain tax benefits and tax incentives with a preservation easement. The property continues on the property tax rolls at its current use designation rather than its value if it got developed.<\/p>\r\n<p>The IRS uses the same standards in conservation easements to determine the qualified tax deduction. The easement donor can claim a charitable contribution and federal income tax deduction in the amount of the fair market value.<\/p>\r\n<p>The donor gets a tax deduction the same way they would if they were to donate to any other nonprofit or charitable foundation.<\/p>\r\n<p>The Internal Revenue Service (IRS) requires donors to meet certain formalities. In any tax filings related to the easement donation, the easement donor must provide:<\/p>\r\n<ol>\r\n<li>A copy of the appraisal of the donated land or building (executed and signed by a qualified appraiser)<\/li>\r\n<li>Photographs of every side of the exterior of the building or land donated and<\/li>\r\n<li>A description of every restriction on developments of the donated building or land.<\/li>\r\n<\/ol>\r\n<p>A copy of the easement deed should contain a list of the restrictions. Attaching this to the tax filing is enough to meet Internal Revenue Code requirements.<\/p>\r\n<h2><b>Preservation of Historic Sites<\/b><\/h2>\r\n<p>A preservation easement protects a certified historic structure or historic building. But it must meet certain legal requirements. It must protect a structure or area listed in the National Register. Or, it must be in a National Register district and certified by the Secretary of the Interior as being of historic significance to the district.<\/p>\r\n<p>Donating an easement over any historically important land area includes land that&#8217;s independently significant and meets the National Register&#8217;s criteria for evaluation. Or it&#8217;s next to a property listed in the National Register of Historic Places.<\/p>\r\n<p>The second type of land mentioned immediately above applies to specific cases. In such cases, the physical or environmental features of the land area are in question. They must contribute to the historic or cultural integrity of the property.<\/p>\r\n<h2><b>&#8216;Historically Important&#8217; Land<\/b><\/h2>\r\n<p>A historically important land area includes structures or land within a registered historic district. It excludes buildings that can&#8217;t reasonably contribute to historic character.<\/p>\r\n<p>To qualify as a preservation easement, the donation must:<\/p>\r\n<ul>\r\n<li>Be protected in perpetuity, and<\/li>\r\n<li>Apply to future owners (easement holders such as nonprofit organizations).<\/li>\r\n<\/ul>\r\n<p>The property rights of mortgagors must be carefully set out in the easement. This helps to avoid the loss of easement in the event of foreclosure.<\/p>\r\n<h2><b>Need Help with an Easement? Speak With an Attorney<\/b><\/h2>\r\n<p>The times keep changing, and neighborhoods continue to evolve. But sometimes, it&#8217;s worth holding onto certain historic resources. Preservation easements allow for the protection of historic properties. But they involve private legal rights. They can be quite complex and may need an attorney&#8217;s experience and training. Consider speaking with a qualified&nbsp;<a href=\"https:\/\/lawyers.findlaw.com\/real-estate-law\/?fli=dcta\" target=\"_blank\" rel=\"noopener\">real estate attorney<\/a> near you today.<\/p>\r\n<div class=\"was-this-helpful\">\n    <div\n            class=\"was-this-helpful__question-container\"\n            aria-labelledby=\"was-this-helpful__question\"\n            role=\"group\"\n    >\n        <span\n                id=\"was-this-helpful__question\"\n                class=\"was-this-helpful__question fl-text-lg-bold\"\n        >Was this helpful?<\/span>\n        <button\n                class=\"was-this-helpful__button fl-text-sm\"\n                aria-label=\"Yes\"\n                value=\"yes\"\n        >\n            <span class=\"was-this-helpful__button-text fl-text-bold\">Yes<\/span>\n            <i class=\"was-this-helpful__button-icon\">\n                <svg width=\"22\" height=\"22\" viewBox=\"0 0 22 22\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n         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<\/div>\n\n\n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Similar to&nbsp;conservation easements, preservation easements protect historic sites against undesirable development or deterioration. Learn more at Findlaw.<\/p>\n","protected":false},"author":41135,"featured_media":0,"parent":369149,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"app\/Http\/Controllers\/Templates\/ArticleWithBreadcrumbsController.php","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_autodraft_ids":[],"_cloudinary_featured_overwrite":false,"_sb_is_suggestion_mode":false,"_sb_show_suggestion_boards":false,"_sb_show_comment_boards":false,"_sb_suggestion_history":"","_sb_update_block_changes":"","_is_real_time_mode":false,"_realtime_collaborators":"","footnotes":"","cf_checklist_status":[]},"categories":[2741],"tags":[],"state_laws_tags":[],"flmsa":[],"class_list":["post-369174","page","type-page","status-publish","hentry","category-realestate"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/pages\/369174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/users\/41135"}],"replies":[{"embeddable":true,"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/comments?post=369174"}],"version-history":[{"count":0,"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/pages\/369174\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/pages\/369149"}],"wp:attachment":[{"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/media?parent=369174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/categories?post=369174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/tags?post=369174"},{"taxonomy":"state_laws_tags","embeddable":true,"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/state_laws_tags?post=369174"},{"taxonomy":"flmsa","embeddable":true,"href":"https:\/\/www.findlaw.com\/law-api\/wp-json\/wp\/v2\/flmsa?post=369174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}