Common use of Conservation Easement Clause in Contracts

Conservation Easement. Buyer agrees to execute a Conservation Easement at closing, a copy of which is attached to this Purchase Agreement and incorporated by reference. Buyer understands that the Conservation Easement will be perpetual and binding on the Property. Additionally, Buyer acknowledges that one purpose of the Conservation Easement is to prohibit the construction of any permanent structure on the Property.

Conservation Easement. Buyer agrees to execute a Conservation Easement at closing, a copy of which is attached to this Purchase Agreement and incorporated by reference. Buyer understands that the Conservation Easement will be perpetual and binding on the Property. Additionally, Buyer acknowledges that one purpose of the Conservation Easement is to prohibit the construction of any permanent structure on the PropertyProperty within the 100- year flood elevation.