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HOW TO SAVE YOUR
LAND
Patti Willis for Denman
Conservancy Association
Does your land have a significant
wetland? A stand of Old growth fir? A red alder/sword fern grove? Is
it habitat for an endangered plant, insect, amphibian?
Are you concerned that in years to
come those special areas could disappear? Do you think about how to
ensure preservation of these areas for those who will follow?
If the answer is YES, read on.
Providing legal
protection for special areas of privately owned land is of increasing
importance on Denman Island. If your entire land, or portions of it,
have ecological values, there is a
variety of ways to protect them in perpetuity.
If you no longer wish to live on your
land, consider:
- Outright donation of your property to a conservation
organization -- a gift with no conditions, with a receipt for
the full value of the donation.
- "Bargain" sale (partial donation) to a conservation
organization -- property is sold at less than market value with the
difference between the selling & market price considered a donation
with
potential income tax credit.
- Fair market value sale to a conservation organization that
commits to preserving the land.
If you wish to pass on the land but continue
to
live on it for as long as you like, consider:
- Donation to a conservation organization with a Life Estate
(continue to make use of the
property during your and/or your spouse's lifetime, and upon death,
all rights transfer to the conservation organization).
- Donation at the time of death by means of a bequest in your
will to a conservation organization.
- subdividing off the ecologically valuable part of your land
and donating it to the Crown
or Crown Agency, such as the Islands Trust Fund, under the provisions
of Section 99 of the Land Title Act which, under certain
circumstances, allows properties that cannot be otherwise subdivided,
to be subdivided for such ecological benefit.
If you want to continue to own the
land and live on it, consider:
- Granting a conservation covenant to a conservation
organization or government -- conservation
covenant is a voluntary legal agreement that allows landowners to
permanently protect specified natural features of their land and is
registered on the property's title at the Land Title Office to bind
present and future owners to protect the
conservation values.
- Entering into Management/Stewardship agreements with a
conservation organization to
identify and protect certain features of the land -- though this may
ensure protection of the land in the short term, it is solely
voluntary and without registration on title in the form of a
conservation covenant, will not bind future owners.
Some things to think about!
All of these options can be very
labour-intensive with financial implications for both the owner and
the conservation organization. In the case of a donation, a bequest
of land, or in the granting of a conservation covenant, it is
critical to ensure the donor's wishes and the receiver's intentions
are well matched. Serious consideration and discussion are well
advised before committing to any particular option. Such commitment
in time and resources however can be eased by the knowledge that one
is undertaking this work with a "view of a 1000 years."
Examples
For examples of what others have done, review the publication "People
protecting places".
For more info:
Denman Conservancy Association
Box 60
Denman Island, BC V0R1T0
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Updated on 26 April 2007 © copyright 2007 Denman Conservancy
Association
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