Conservation easements discussed at recent seminar. (Transcripts).Houlihan/Lawrence, Westchester Westchester is the name of some places in the United States of America:
The seminar featured guest speakers from the Westchester Land Trust, who encouraged realtors to make their customers and clients aware of the benefits of "Conservation Easements EASEMENTS, estates. An easement is defined to be a liberty privilege or advantage, which one man may have in the lands of another, without profit; it may arise by deed or prescription. Vide 1 Serg. & Rawle 298; 5 Barn. & Cr. 221; 3 Barn. & Cr. 339; 3 Bing. R. 118; 3 McCord, R. ." A conservation easement easement, in law, the right to use the land of another for a specified purpose, as distinguished from the right to possess that land. If the easement benefits the holder personally and is not associated with any land he owns, it is an easement in gross (e.g. is an agreement by which a property owner can protect environmentally significant lands, without giving up ownership or control of the property. In essence, these easements are a promise not to develop some portion of a given property and, as charitable donations, can achieve significant tax-deductions for landowners. "We're in this together," said Paul Gallay, executive director of the Westchester Land Trust. "Realtors in upper Westchester know that the look and feel of this area is what makes it so wonderful and so desirable. By putting your clients together with us at the Westchester Land Trust, we can help them realize the greatest financial value while at the same time leaving a legacy of protecting our natural landscape." Carin Andresen, director of donor The party conferring a power. One who makes a gift. One who creates a trust. donor n. a person or entity making a gift or donation. DONOR. He who makes a gift. (q.v.) relations for the Westchester Land Trust, said easements could benefit everyone. "An easement can enable a seller to lower prices because of the significant tax deductions Tax deduction An expense that a taxpayer is allowed to deduct from taxable income. tax deduction See deduction. they'll get," she said. "In most cases, easements increase the value of the homeowner's land and all of the properties nearby." Lee Zipp, manager of Houlihan/Lawrence's Somers office agreed. "Our clients are sophisticated, busy people who look to Houlihan/Lawrence for our expertise as real estate professionals. We take the time to discover and research their best, most viable options. It's not just about buy and selling homes--it's about helping our customers achieve their goals." |
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