TENURE ARRANGEMENT | EXAMPLE ORGANIZATIONS | ADVANTAGES | DISADVANTAGES |
Fee Simple | CCHC, DNI, Durham CLT, Madison Area CLT, Sawmill CLT, Southside CLT | long-term security | cost to acquire, property taxation, management obligations |
Ground Lease | Athens Land Trust, Madison Area CLT, Southside CLT | low-cost, high level of control | legal complexity, transaction costs |
Deed Restrictions | Madison Area CLT | low-cost, ensures agricultural use | enforceability |
Easement | Madison Area CLT | low-cost, ensures agricultural use | transaction costs |