EASEMENT
An Easement is a legal instrument or contract between a property owner and the Michigan Historic Preservation Network whereby the owner grants a portion of, or interest in, the property rights to MHPN.
Why do we need easements?
- Establishes perpetual protection for the property by preventing inappropriate changes to the historical significance of the structure and its setting.
- Provides assurance to the owner of a historic or cultural property that the property’s value will be preserved through subsequent ownership.
- Preserves the property for future generations.
- Additional Benefits to Owner
- May claim a charitable deduction on Federal Taxes if property is listed in the National Register of Historic Places or contributing to a National Historic District.
- May reduce estate, gift, and local property taxes.
For more information, please contact Xiaohan Bao Smith at xbaosmith@mhpn.org