Common Contracts
1 similar Description contracts
DescriptionDescription • June 17th, 2016
Conservation Easement: A voluntary, but legally-binding, agreement between a property owner and a land trust, in which development rights of a property are limited in perpetuity to preserve its ecological values. In Virginia, conservation easements can be held both by land trusts and local governments; land trusts hold conservation easements, while governmental entities hold open space easements. The Virginia Outdoors Foundation holds a large number of the easements in the state. FEMA has quantified the economical benefits of open and riparian space preservation. FEMA found the total estimated benefits of green open space to be
