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Closing: Finalizing the Real Estate Transaction

2012
Organizations/Sources: Pennsylvania Land Trust Association
At closing, the transfer of the real estate interest, whether land or easement, is completed. This guide helps users organize and expedite the closing.
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Last Modified
Apr 27, 2017
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4509 times

Conservation in Urban Communities

2009
Organizations/Sources: Heritage Conservancy
This presentation focuses on conservation efforts in urban communities
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Last Modified
Jul 03, 2019
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3040 times

Doing Deals: A Guide to Buying Land for Conservation

1995
Organizations/Sources: The Trust for Public Land
Doing Deals introduces the basic real estate, financial and strategic principles used by land trusts to purchase land for conservation. It provides basic information on how to: develop a strategy for acquiring a property, pull together all the information necessary to understand the project and players, understand the process and feel comfortable working within it, know when to seek help, and know how to effectively deploy others. The book includes strategies on how to negotiate a land conservation deal.
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Last Modified
Nov 05, 2015
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4432 times

Donation Agreements

2018
Organizations/Sources: Pennsylvania Land Trust Association
A donation agreement may be used to ensure that a donor’s promise can be relied upon, set the expectations of both donor and donee, and prevent misunderstandings.
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Last Modified
May 08, 2018
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5880 times

Gift of a Future Interest in Real Estate: Reserved Life Estates Keep Owners in Control During Their Lifetimes

2015
Organizations/Sources: Pennsylvania Land Trust Association
Landowners can convey a future interest in real property to a conservation organization or government but continue to live on or otherwise enjoy using the property during their lifetimes. If the property ia a personal residence or a fiarm, a donation of a future interest can generate immediate tax benefits. (print version of ConservationTools.org guide)
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Last Modified
Oct 23, 2019
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2978 times

Holders, Beneficiaries and Backup Grantees: Defining Roles and Relationships to Achieve Conservation Easement Objectives

2013
Organizations/Sources: Pennsylvania Land Trust Association
A conservation easement may have one or more holders responsible for upholding the easement’s conservation objectives. It may have a beneficiary, an entity with some rights to manage the easement in furtherance of the conservation objectives but no responsibility to do so. It may also provide a contingency plan to replace a holder in the event the holder cannot or will not perform its duties. Effective long-term easement management requires that when more than one entity shares easement management rights, the relationship between the entities must be carefully delineated.
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Last Modified
Apr 28, 2017
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Installment Agreement

2015
Organizations/Sources: Pennsylvania Land Trust Association
An installment agreement requires the buyer of real estate to pay the seller the purchase price in installments over time; the buyer takes immediate possession of the property but the seller retains legal title as security until the buyer pays in full. An installment agreement can be a low-cost, flexible alternative to a traditional mortgage loan.
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Last Modified
Apr 28, 2017
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2905 times

Model Grant of Right of First Refusal

2016
Organizations/Sources: Pennsylvania Land Trust Association
If an owner intends to accept an offer for the purchase of his or her land, the holder of a right of first refusal has the opportunity to purchase the land at the price and terms offered by the prospective buyer. If the holder of the right declines to purchase on those exact terms, the owner is then free to sell to the prospective buyer. If an owner is willing to commit to providing such a right to an organization, this model is a tool to document and ensure the enforceability of the commitment.
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Last Modified
Apr 26, 2018
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Options to Sell

2013
Organizations/Sources: Pennsylvania Land Trust Association
An option to sell may be used to assure that a property acquisition can be undone if expectations are not met.
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Apr 28, 2017
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3554 times

Purchase and Sale Agreements for Conservation Projects: Guidance and Sample Provisions

2019
Organizations/Sources: Pennsylvania Land Trust Association
Acquisitions of land and easements for conservation purposes can involve issues different from other real estate transactions. This guide looks at purchase and sale agreements in general and then reviews potential customizations that may be made to these agreements to specifically address conservation matters. [Print version of ConservationTools.org guide]
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Last Modified
Sep 19, 2019
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160 times

Purchase Options: Gaining the Right Without the Obligation to Acquire Property Interests

2013
Organizations/Sources: Pennsylvania Land Trust Association
A purchase option is a right to purchase or lease land or other property interests without any obligation to do so.
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Last Modified
Apr 28, 2017
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4337 times

Reversionary Interest

2012
Organizations/Sources: Pennsylvania Land Trust Association
A landowner who is concerned about the future use of his land can donate or sell the land on a conditional rather than absolute basis. A reversionary interest is created by a deed that reserves to the grantor a future ownership right upon the occurrence of some condition.
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Last Modified
Apr 28, 2017
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Rights of First Purchase (Offer, Negotiation and Refusal)

2015
Organizations/Sources: Pennsylvania Land Trust Association
A right of first purchase gives a potential purchaser the opportunity to purchase before a property is sold to another. It can be a right of first offer, a right of first negotiation, a right of first refusal or a combination of these rights.
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Apr 28, 2017
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