Historic preservation easements are legal documents made to ensure the preservation of a property by restricting activities that might harm the historic character of that property. The preservation easement places specific conditions on a property and conveys the right to enforce those conditions to the holder of the easement-in this case the New Jersey Historic Trust.
The New Jersey Historic Trust holds two types of historic preservation easements: term and perpetual. Term easements cover a specific time period and are tied to properties receiving New Jersey Historic Trust grants. Perpetual easements are not necessarily tied to New Jersey Historic Trust grant awards and are intended to provide for the long-term preservation of a historic resource and possible tax advantages to the easement donor.