It`s quite simple really:
-Whatever units you have after the end of the game, will be there (all healed up) at the end of the game.
-Your town will also be transfered as is, and damage to the walls e.t.c from the last siege will be fixed.
-On the peace of land which you own, any changes to it`s terrain will also be persistent - if you cut down that big forest it`s not coming back.
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