WHAT IS A CONSERVATION EASEMENT?
Conservation easements are the most secure tools available to landowners for protecting rural lands. They are perpetual restrictions on subdivision, development, and other land uses, tailored to the agricultural, forestry, recreational and ecological goals of the landowner. Land unprotected can be developed in the future no matter how well the current owner manages their property.
“Having placed conservation easements on seven different properties personally, and having all of our agents at Holcombe, Fair & Lane owning recreational property with conservation easements, we are extremely well-qualified to educate buyers who wish to put conservation easements on their property. After discussing the process in detail, I typically refer these buyers to the appropriate land trust, attorney, and accountant for professional advice.”
–Charles Lane, Broker in Charge
Finding a Land Trust Organization
Local and national land trusts have done an exceptional job expanding their reach. In 1990, there were only 7,000 acres protected via conservation easement in South Carolina. Today that number exceeds one million acres.
Each land trust organization has a different character, which is reflected in their easement documents. The Nature Conservancy emphasizes biological diversity. The terms of a Nature Conservancy conservation easement often include specific protections for vulnerable plant and animal communities. Ducks Unlimited specializes in wetland and recreation properties, providing expertise in wetland and game management. Local land trusts, such as the Lowcountry Open Land Trust, write easements to maintain the traditional land uses that define the character of their geographic area.
Selling a Conservation Easement
Many landowners are “land-rich” but “cash-poor”. As a result, they benefit little from income tax deductions associated with the gift of a conservation easement. As part of their land use and estate planning, some landowners seek to sell a conservation easement.
Landowners may be able to obtain some compensation from public grants or private donations for selling an easement. The South Carolina Conservation Bank purchases conservation land throughout the state. Charleston County’s Greenbelt Bank and the Beaufort County Rural and Critical Lands Program also provide funding for conservation land.
A small market for purchased easements is supported by government agencies. The US Fish and Wildlife Service at times has money in its Partners for Fish and Wildlife Program and its NAWCA program to purchase easements on wetlands and associated uplands.
Holcombe, Fair & Lane is a Charleston, SC real estate brokerage specializing in commercial and rural property transactions and management in the Lowcountry and along the Coastal Plain. 90% of the total acreage sold by our agents in 2021 was either purchased for conservation or was already subject to a conservation easement. For more information, please contact Holcombe, Fair & Lane or call today at 843-722-2642.