L. Transfers and Exchanges of Land

If the land trust transfers or exchanges conservation land or conservation agreements, the land trust considers whether the new holder can fulfill the long-term stewardship and enforcement responsibilities, ensures that the transaction does not result in a net loss of important conservation values and, for donated properties, ensures that the transfer is in keeping with the donor's intent. If transferring to a party other than another non-profit organization or public agency, the consideration is based on a qualified independent appraisal (or short narrative when the property has a very low economic value)in order to prevent impermissible private benefit. Lands held under the Ecological Gifts Program require special permission from Environment Canada prior to any changes in status.