Preservation easement definition

Preservation easement means perpetual agricultural land preservation easements acquired by the Foundation.

Preservation easement means an easement over an historic agricultural structure conveyed to a municipality for a term of up to ten years;

Preservation easement means a nonpossessory interest in an historical building.

Examples of Preservation easement in a sentence

• The maximum loan amount for any loan shall not exceed seventy percent (70%) of the appraised Preservation easement value of the farmland property which is being purchased and subject to perpetual Preservation easement.

• The Preservation easement binds and runs with the farmland in perpetuity, and is not subject to the termination provisions of Section 917 of this Chapter.

• Develop selection criteria for approving loans involving competing applicants, with emphasis on selecting on a priority basis the loan applicant or applicants who request a loan with the lowest percentage value of the appraised Preservation easement value of the eligible farmland.

• Except as expressly provided otherwise, the farmland subject to a Preservation easement under this subchapter shall have the same benefits, controls and restrictions as those Preservation easements otherwise acquired pursuant to the provisions of this Chapter, and provided further the Foundation shall be entitled to take enforcement action as provided in Section 920 of this Chapter.

• Have appraisals performed under an appraisal methodology approved by the Foundation to determine the fair market value and Preservation easement value of loan eligible farmland property.

More Definitions of Preservation easement

Preservation easement means an]: An easement held by the County to

Preservation easement means a nonpossessory interest in an historical building; except that a preservation easement granted to the authority must be held or coheld in perpetuity.

Preservation easement means the voluntary donation of all or part of a historic property to a nonprofit or government entity to provide tax benefits to the property owner and to ensure protection of the property in perpetuity.

Preservation easement means a nonpossessory interest in a

Preservation easement means and refer to the areas set aside for preservation in its natural state as follows:

Preservation easement means an easement as defined in 3 Del. C. § 902(11).

Preservation easement means, for the purpose of this chapter, the right vested in a person or entity other than the owner of the cultural resource to require preservation of the resource subject to the easement.