Land Use & Zoning
A conservation easement in New Hampshire permanently restricts development on a parcel to protect:
AThe easement holder's right to build on the parcel in the future
BNatural, agricultural, scenic, or open space values✓ Correct
CThe owner's right to sell the property at any price
DThe adjacent municipality's tax base
Explanation
A conservation easement is a voluntary legal agreement between a landowner and a qualified organization that permanently restricts development to protect conservation values such as wildlife habitat, farmland, or scenic resources.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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