New Land Conservation Easement Rules: Shorter Terms and Renegotiation Rights
This act changes how land conservation agreements between landowners and the government are made and managed. It limits new agreements to 30 years and gives landowners the option to renegotiate or buy back existing long-term agreements, potentially affecting their property rights and personal finances.
Key points
New land conservation agreements with the government cannot exceed 30 years.
Landowners can request renegotiation of existing easements that are over 30 years old or were established before 1977 without an official map.
Renegotiation may include shortening the easement term to 30 years and a payment for the fair market value difference, or the option for the landowner to buy back the easement.
The government must notify landowners of their right to request renegotiation or buyback.
Status:
Introduced
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