A conservation restriction is a legal agreement between a landowner and another entity (RLT, the Town of Rehoboth, etc.) that permanently protects the property’s conservation value by imposing limitations on its uses.
The land remains in private ownership and offers several advantages:
- The owner can sell the property or pass it on to heirs.
- It can significantly lower estate taxes.
- It can provide the landowner with income tax and property tax benefits.
- It is flexible. Each conservation restriction is unique to the property and the particular needs of the landowner.
- It is permanent. The conservation restriction remains in force when the land changes hands. The RLT (or the entity that holds the CR) ensures that the restrictions are enforced.
If you have questions or are interested in learning more about how a conservation restriction functions, please contact us.