HISTORIC PRESERVATION EASEMENTS

Customized protection for your historic property

 

When an owner of a historic property considers the sale or transfer of a property, they may worry about how the property may or may not be preserved in the future. A historic preservation easement is a wonderful way to protect your historic building and unique place.

Easement Basics

An easement is a legal agreement that ensures that the historic and architectural qualities of a property will not be destroyed. In an easement, the owner voluntarily grants the responsibility to protect the historic property to Preserve Rhode Island, but does not transfer ownership. The owner retains all of the usual rights to the property and can sell it or will it to whomever he or she wishes.

 

An easement with PRI provides protection in perpetuity, ensuring that subsequent owners follow its terms.

 

Benefits, include:

  • Peace of mind knowing property will remain intact

  • Access to professional historic building and design expertise

  • Helpful in estate planning

  • May reduce property tax

  • May qualify for federal income tax deduction

 

Example Easement: One Cooke Street, Providence

Working with a far-sighted property owner, Preserve Rhode Island has permanently protected an undeveloped property - forever preserving a striking 19th-century urban residential streetscape at the corner of Cooke and Power Streets in Providence.

 

Learn More

Read our introductory brochure Historic Preservation Easements: Customized Protection for Your Historic Property and schedule a site visit with Preserve Rhode Island by contacting Executive Director Valerie Talmage by email or at (401) 272-5101 ext. 203.

Preserve Rhode Island Headquarters

Jeremiah Dexter House

957 North Main Street

Providence, RI 02904

(401) 272-5101

staff@preserveri.org

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Lippitt House Museum

199 Hope Street

Providence, RI 02906

(401) 453-0688

lippitthouse@preserveri.org

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