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Define: Conservation Easement
A conservation easement is a deeded transfer of an interest in real property to a qualified charity for the purpose the preservation of land areas for outdoor recreation by, or the education of, the public; the protection of a relatively natural habitat of fish, wildlife, or plants, or a similar ecosystem; or the preservation of open space (including farmland and forest land) where such preservation is for the scenic enjoyment of the general public, or under a clearly delineated federal, state, or local conservation policy and will yield a significant public benefit. The conservative easement allows owners to retain other private property rights and to live on and use their land. The easement creates a legally enforceable land preservation agreement between a land owner and a government agency. The restrictions of the easement run with the land and are binding on all future owners of the property.