Do conservation easements have proven longevity?
Conservation easements have been in existence for nearly a century and are universally recognized by common law and statute in North Carolina. More than 2,000 government agencies and land trusts hold conservation easements on more than five million acres across the United States. In countless court cases across the country, the conservation easement has stood up to challenges and attacks.
How long does a conservation easement last?
While a conservation easement can exist for any number of years, only those that are perpetual, or last forever, qualify for tax benefits. Thus, most easements are perpetual. Perpetual easements “run with the land,” meaning that the restrictions apply to not just the original easement donors, but all those who purchase or inherit the property thereafter.