If you have recently purchased a home at Deep Creek Lake you have probably been bombarded with a long list of complicated terminology such as buffer strips, buydown areas and rule bands. If you want to gain a general understanding of what these terms mean at Deep Creek Lake there is a great resource available from our friends at Taylor Made Reality. However, there is one term in particular that you should focus on and understand as a new or prospective owner of property at Deep Creek Lake. That term is “Conservation Easement.”
When a buyer purchases a home with waterfront access on Deep Creek Lake, the state of Maryland retains ownership of the “buffer strip” or the land that directly touches the water. This can be distressing given that a home with waterfront access is up to 250% more valuable than a home without waterfront access. Fortunately, the state’s ownership of the buffer strip is nothing to worry about so long as you understand the rules of the arrangement. The state of Maryland provides property owners an easement, or right to use the buffer strip, that allows access to the lake with a few limitations. This access is known as a “conservation easement” and ensures that the lake remains unpolluted and beautiful for everyone. However, it is important to understand which actions are permitted and which action are prohibited when considering whether to purchase property bordering Deep Creek Lake.
The following actions are permitted but require the written approval of Department of Natural Resource:
Other actions are completely prohibited in all cases. These actions include:
If you want a smooth transition into property ownership at Deep Creek Lake, the right law firm is critical. Geppert, McMullen, Paye, & Getty is a well-established local law firm with over seventy years of real estate experience as well as extensive local connections in the area. You can contact us at 301-777-1515. We are available to assist you Monday through Friday, 8:30am to 4:30pm.