preservation easement

A preservation easement is a legal agreement that protects a property’s historical, cultural, or environmental features from development or alteration. Essentially, a property owner gives up certain rights to change their land in exchange for tax benefits or other incentives. This easement ensures that the property remains unchanged, protecting its unique characteristics for future generations while allowing the owner to maintain other uses of the property. It often involves oversight by a nonprofit organization or government agency to ensure compliance with the preservation goals.