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Somewhere over the rainbow …
Presentation by Steve Therrien
Trout Shadows Consulting Services—LLC
Federal Land Exchangesan introduction
What is a land
exchange?
a private group of lease holders organizes
as a legal entity (ie. a LLC)
the entity purchases land
the entity exchanges the purchased land for
the land their leased cabins occupy
Seems straightforward and fairly simple.
However, the more than 60
steps in the process are far
more complex and less
straight forward.
Herding Cats
Primary activities of a group involved in
a land exchange:
organizing the group under a legal entity.
developing a covenants document that mimes
the leasing handbook.
securing ownership of land of similar value to
the leased property
complying with all required federal regulations
within the Land Transaction Process
A few things a group pursuing a
land exchange should know:
If you are leasing water front
property then you need to
purchase water front acreage
with similar front footage and
similar value.
The land that the entity
purchases must be raw,
undeveloped, unimproved
property.
Each step of the process
requires paperwork to be
completed and reviewed.
Congressional oversight, public
input, title searches, surveys,
real estate appraisals, waiting
periods, and compliance with
government regulations (ie.
NEPA) are all factors in the
length of time that it takes to
complete a successful land
exchange.
A federal land exchange is a
process that is bound by federal
statute. Land exchanges
require both the private entity
and government agencies to
meet prescribed benchmarks in
order for the process to
progress.
The government and the entity
share in the cost of the process.
Because it is a legal process that
involves the transfer of titles an
attorney representing the entity will
be needed.
What’s it like to do land
exchange?
You learn how to ask questions.
Juggling Chainsaws
The Cabin …
The view…
2.5 million dollar land deal.
A win, win!
Presentation by Steve Therrien
Trout Shadows Consulting Services—LLC
