Stewardship: annually visiting properties held under conservation easement to ensure sound practices as well as proper management, protection and enjoyment of the land
Conservation easement: a voluntary, legal agreement between a landowner and a land trust or government agency that permanently limits uses of the land in order to protect its conservation value
Land trust: A legal agreement where a trustee is appointed to maintain ownership of a piece of real property for the benefit of another party
Sale at Fair Market Value: sale of property for the price a knowledgeable buyer will pay for the land
Bargain Sale: a government agency or charitable conservation organization purchases property for a price less than fair market value
Installment Sale: allows an agency to purchase property over a period of several years
Sale with a Reserved Life Estate: sell property to a landholding agency but sellers will have to continue to pay the real estate taxes on the land while retaining use of the property