There are many complex rules that must be followed in order to qualify for and maintain a historic preservation easement.
- determine whether the federal historic preservation easement and/or any state historic preservation easement may apply, as well as any federal or state historic tax credit program;
- underwrite the historic preservation easement financing;
- complete national registration nomination applications;
- complete federal (Part 1 and Appeal, if necessary (there is no Part 2 or Part 3 required), and state applications;
- work closely with the National Park Service and the applicable State Historic Preservation Office;
- identify preservation or conservation organizations;
- identify other sources of financing;
- structure the federal and/or state historic preservation easement financing;
- collect due diligence materials;
- manage the closing and funding; and
- provide ongoing asset management, compliance and reporting services.