Land Matters
Acquisition of all the rights to land / property.
What is Fee Title ownership?
Assessment of the current Fair Market Value of a Property Interest.
What is an Appraisal?
TNC conveying property or property rights to a different conservation holder.
What is a Disposition / Transfer Out?
A division of property for different purposes, including conservation.
What is subdivision?
A right (or a bundle of rights) in land.
What is a legal interest?
A conveyance of Development Rights, this document restricts different land uses for conservation purposes.
What is a conservation easement?
I want to conserve my land, but don't need to get paid the full market value.
What is a Bargain Sale?
TNC provides funding for other conservation partner to purchase a legal interest in property to help reach 2030 goals.
What is an Assist?
Report on Hazardous materials found on property with maps.
What is an Environmental Assessment?
An access path across other properties.
What is a Right of Way (ROW)?
This Report shows a property condition at a specific point in time (with photos, maps & descriptions) in order to monitor land use changes over time under a conservation easement.
What is a Baseline Documentation Report (BDR)?
Funds invested by TNC for long-term property maintenance and real-estate taxes.
What is a Stewardship Endowment?
Land donated to TNC with the understanding that its eventual sale will support TNC's mission.
What is a Tradeland?
A Before and After assessment of property value were it to be conserved.
What is a Conservation Easement Appraisal?
An attorney's assessment of a property's ownership history.
What is a Title Opinion?
Grants the ability to match a purchase offer for a property interest.
What is Right of First Refusal?
Giving land for conservation through a will.
What is a bequest?
A government agency can't act quickly, so they ask TNC to acquire property for eventual transfer to the agency.
What is a Co-op / Co-operative Project?
Grandpa died without a will, and the _____ court decides what happens to his land.
What is Probate?
Attorney gets Bank / Lender to allow for conservation restrictions by making the mortgage have inferior status.
What is a mortgage subordination?
The right to extract oil & gas from a property.
What are Mineral Rights?
Donation or sale of property that funds a stream of income for the donor. ie. Elderly couple has more land than money and needs some retirement income, and wants to conserve their land.
What is a Charitable Gift Annuity?
The sale or gift of property under which the owners retain the use of the property for their lifetimes, or, the opposite of a Remainder Interest.
What is a Retained Life Estate?
Property boundary is unknown or overlapping, and deal can't move forward until this happens.
What is a Boundary Line Agreement?
Avoidance of capital gain through the sale of property for conservation, funding the purchase of other like-kind property, or sale of non-taxable capital gain property into inaccessible fund usable if you find investment property within 90 days.
What is a 1031 Land Exchange?