What are my out-of-pocket costs in donating an easement?
The historic preservation staff of M-NCPPC will work with property owners to develop the specific terms of the easement and requisite baseline documentation. There are no fees associated with these professional services. However, the property owner should plan on
expenses associated with the review of the easement by an attorney of the applicant’s choice, and/or a tax or real estate advisor. The owner must obtain an easement appraisal by a qualified, independent appraiser in order to determine the easement value, or tax deduction to which the owner may be entitled.

Lastly, the property owner must provide a title search on the property that is prepared by an attorney or title examiner. This will verify the legal ownership of the property, provide a legal description and acreage as well as determine whether or not there are any encumbrances of record that will need to be cleared prior to completion of the easement transaction. Bank service charges for mortgage subordination also may be applicable.

For more information, please call Historic Preservation at 301-952-3520.

Show All Answers

1. What is a preservation easement?
2. Who is required to grant an easement to the M-NCPPC?
3. What are M-NCPPC’s responsibilities?
4. How long does an easement last?
5. Why grant a preservation easement ?
6. What are the benefits to the general public in the award of historic property grants to individual owners?
7. How does an easement work?
8. What changes are allowed to my historic property?
9. Does the preservation easement take precedence over the county preservation ordinance?
10. Are we talking about the entire house and property?
11. Will the easement cover interior features as well as the exterior of the property?
12. How is the easement applicable if I use the grant award to purchase a historic property?
13. What is the financial value of the easement and how is it determined?
14. What document does a pro perty owner file to obtain the federal tax benefit?
15. What are my out-of-pocket costs in donating an easement?
16. What are the legal and real estate implications?
17. Are easements a well-proven idea?
18. What are the benefits of granting an easement?
19. Do typical non-cash charitable contributions rules apply to the donation of a preservation easement?
20. Must an easement require some type of public access?
21. What are the basic tax code requirements for an easement?