A conservation easement is a voluntary agreement between a landowner and a qualified organization (such as the Legacy Land Trust Society) which limits the amount and type of development that can occur on a property in order to preserve its natural character and agricultural potential.
When a landowner takes on a conservation easement there are associated financial benefits that can help landowners pass their property on to heirs or to new owners as a viable agricultural unit or a natural landscape.
Although conservation easements have been used in Alberta since 1996, many people are still unfamiliar with them. They are a flexible tool that help to meet landowner and land trust needs, but can also be quite complex. This booklet is not a replacement for the expert advice you need related to your individual situation – talk to your lawyer, your tax advisor, and your estate planner about what a conservation easement can mean for you.