Terms Used In South Carolina Code 27-8-50

• Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
• Conservation easement: means a nonpossessory interest of a holder in real property imposing limitations or affirmative obligations, the purposes of which include one or more of the following:
  
  (a) retaining or protecting natural, scenic, or open-space aspects of real property;
  
  (b) ensuring the availability of real property for agricultural, forest, recreational, educational, or open-space use;
  
  (c) protecting natural resources;
  
  (d) maintaining or enhancing air or water quality;
  
  (e) preserving the historical, architectural, archaeological, or cultural aspects of real property. See South Carolina Code 27-8-20
• Contract: A legal written agreement that becomes binding when signed.
• Holder: means :
  
  (a) a governmental body empowered to hold an interest in real property under the laws of this State or the United States; or
  
  (b) a charitable, not-for-profit or educational corporation, association, or trust the purposes or powers of which include one or more of the purposes listed in subsection (1). See South Carolina Code 27-8-20
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Real property: includes surface waters. See South Carolina Code 27-8-20