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REPORT of the VIRGINIA LAND CONSERVATION FOUNDATION Dcr Virginia Form
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People also ask
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How does a land trust work in Virginia?
The Land Trust of Virginia works with landowners to help them permanently protect their properties through the donation of conservation easements including working farms, historic sites, forests, mountains, waterways and more! -
What is DCR in Virginia?
The Virginia Department of Conservation and Recreation works to conserve, protect, enhance and advocate wise use of the commonwealth's unique natural, historical, recreational, scenic and cultural resources. Citizens' livelihood, quality of life and future depend on how wisely we manage our natural resources. -
What is a disadvantage of a land trust?
However, there are downsides to a property trust. Firstly, if you purchase the property under a land trust, any redemption rights are lost—that is, the right to reclaim the property just before (or after) foreclosure. Second, most land trusts are automatically disqualified from secondary market loans. -
What is a local land trust?
Land trusts are local, state, or regional nonprofit organizations directly involved in protecting land for its natural, recreational, scenic, historical, or productive value. Most land trusts are private nonprofit corporations. -
What is a land trust in Virginia?
Virginia land trusts are community-led and supported and protect lands and waters that help the entire state. -
What does it mean to hold land in trust?
A land trust is a real property title-holding vehicle, a trust agreement under which the beneficiary directs the trustee in all matters affecting title to the trust property. The beneficiary also holds the trustee free from liability.
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