OAR 698-015-0080: Terms of Covenants and Easements

(1) A Working Land Conservation Easement shall last in perpetuity. (2) A Working Land Conservation Covenant shall last for a term of no less than twenty and no more than fifty years. (3) The Working Land Conservation Covenant term shall be set at 12-month increments only and not partial years. (4) The first day of the term of a Working Land Conservation Covenant shall be the date that both of these events have occurred: (a) The Working Land Conservation Covenant holder and the owner of working land conveying the covenant sign the agreement; and (b) The owner of Working Land has received Working Land Conservation Covenant and Easement Grant funding from this program for the Working Land Conservation Covenant.