Legal Question in Real Estate Law in Illinois
When the holder of a conservation easement is donated the full property, does the easement die?
Asked on 10/08/11, 3:16 pm
2 Answers from Attorneys
Depends on the term of the easement. Could be for a term, or in perpetuity. An attorney should review the grant. Conservation easements are usually given for tax benefits.
Answered on 10/08/11, 4:52 pm
Added thought - also depends on whether by the terms of the agreement whether the easement rights and ownership rights are to merge or remain severable.
Answered on 10/12/11, 7:04 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
