The Model Stewardship Funding Covenant is a tool for making funding arrangements for conservation easement stewardship that are both affordable to landowners and adequate to cover the easement holder's stewardship expenses in the long run. With the model, landowners can stretch a financial commitment over time, either deferring their intended contributions to future dates respectful of their financial situation or extending payment obligations to future owners of the land. The model offers a variety of financial arrangements, from installment payments to private transfer fees, in support of conservation. Download and review both the model and the commentary.
Year: 2024
Author(s): Patricia L. Pregmon, Esq., Andrew M. Loza, and Justin Hollinger, Esq.
Organization/Source: WeConservePA (formerly Pennsylvania Land Trust Association)
Topic tags: Conservation Easements, Model Supporting Documents to Easement Transactions, and Transfer Fees and Stewardship Funding Covenants for Conservation Easements
Related guides: Conservation Easement, Donation Agreements, Funding Conservation Easement Stewardship, Legal Considerations for Stewardship Funding Arrangements, Placing Transfer Fees in Grants of Conservation Easement, Stewardship Funding Arrangements, and Using the Model Conservation Easement
Patricia L. Pregmon, Esq., and Andrew M. Loza authored the first edition (2012). Justin Hollinger, Esq., joined Loza in revising the model and commentary for the 2024 edition.
