Have you ever received a request to amend an easement and weren’t sure of the right course of action? Unsure about how to decline a request without alienating the landowner? Have you been confronted with a new landowner who is unaware of or reluctant to abide by the terms of the easement? If so, this book can help.
This book describes the legal requirements for operating a land trust and keeping good organizational and transaction records. It teaches readers how to develop and implement policies to guide how a land trust creates, collects, retains, stores, protects, and disposes of these types of records. It also covers the issue of tax exemption, including the major requirements for maintaining charitable tax-exempt status and an overview of IRS Form 990.
Land trusts that hold easements depend on stewardship recordkeeping systems to store the documents and information related to each property. These systems should be part of a broader detailed recordkeeping policy that outlines why records are kept and how documents are stored, organized, and accessed. (print version of ConservationTools.org guide)