Definition of Development easement

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TeachMeFinance.com - explain Development easement



Development easement

The term 'Development easement ' as it applies to the area of agriculture can be defined as ' A legal agreement by which a landowner surrenders the right to develop a designated parcel of property. Some local and state governments have programs to acquire development easements from private landowners to prevent conversion of farmland to other uses'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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