What is a conservation easement and how does it affect my land sale?
A conservation easement is a permanent legal restriction that limits development rights - typically prohibiting subdivision, limiting building footprint, and requiring continued agricultural use. It cannot be removed or renegotiated. This dramatically narrows your buyer pool to active farmers, agricultural investors, and land trusts. However, the tax benefits received when the easement was donated may have already compensated for the reduced property value.
From the seller playbook: Agricultural Property and Farmland Sales in New York
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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