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conservation strategies defined
Liability insurance: Annual policy that covers “bodily harm” and “property damage.” Most commonly landowners or lease-holders (such as the local climbing organization (LCO)) select coverage up to $1 million per incident and $2 million aggregate.
Conservation easement: Agreement by landowner to restrict certain uses of their property in perpetuity (such as development), but retains ownership and property uses consistent with the property’s “conservation values.” The easement is recorded on the property deed and remains with the property, binding any future landowners. Conservation easements may be held by a qualified LCO or land trust with responsibilities to monitor the property and enforce the restrictions into perpetuity. Conservation easements can include conditions for public access and climbing.
Lease agreement: An agreement to lease the property from the owner for uses such as public access and climbing. Long-term leases are preferred, but duration may range from 1 year to over 50 years.
Bargain sale: A sale of the property or easement at a value lower than market value. This price is set by a qualified appraisal and is generally less than 80% of the full value in order for the landowner to receive any tax benefits.
Deed restrictions: Similar to a conservation easement, except there is no “holder” of the restriction, so enforcement powers are minimal.