PRACTICE

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.