More about Facade Easements

A facade easement consists of a historic building's exterior donated to a nonprofit organization that is qualified to accept easement donations, such as Easements Atlanta.

Putting an easement on a historic property is a powerful way to ensure its preservation in perpetuity.

A facade easement may provide tax benefits to the owner of the property. The deduction the taxpayer is entitled to is equal to the fair market value of the easement, and can be deducted from income tax. Donation of an easement can also lower inheritance taxes. By eliminating the right to further develop your property, you can lower its value in your estate. For your heirs, this can mean the difference between keeping the property in the family and having to sell it in order to pay estate taxes.

In the easement agreement, an owner commits to preserving the property's historic appearance. This includes maintaining the property, obtaining written permission from the organization or party that holds the easement for any exterior alterations, and refraining from demolition.

By accepting an easement, the authorized organization has a duty to enforce the easement. This includes inspecting the property periodically and reviewing any planned alterations.