Management Agreements
© Michael Menefee/CNHP Management Agreements Featured Image
Landowners typically carry out management agreements with technical assistance from a local land trust. Although management agreements are made for a specified period of time (often ten years), they are renewable and can be canceled by either party with appropriate notice, as set forth in the agreement.
In some cases, management agreements can be used in combination with fee simple acquisition. In such cases, a management agreement would be used so that the landowner can continue to live on and manage the land, even though title to the land has been transferred to the land trust. Management agreements are beneficial to both parties in this scenario because the landowner is allowed to remain on the property, and the land trust has ensured the property is protected in perpetuity.
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