PRACTICE

H. Non-permanent Holdings

When a land trust holds fee land with the intention to sell or transfer the land, the land trust is open about its plans with the public and manages and maintains the property in a manner that retains the land trust’s public credibility (see 8L). The ability to resell or transfer property should be explicitly identified within the land trust's land securement policies. Before a property is sold and while the land is in the land trust’s ownership, it should be managed or maintained in such a way that liability risks are minimized and the land trust’s credibility is maintained.