what is an easement in real estate

Best answer

An easement,or easement agreement,is a real estate concept that defines a scenario in which one party uses the property of another party,where a fee is paid to the owner of the property in return for the right of easement.

People also ask

  • What is the purpose of an easement on a property?

  • An easement gives a person the legal right to go through another person land, as long as the usage is consistent with the specified easement restrictions. Although an easement grants a possessory interest in the land for a specific purpose, the landowner retains the title to the property.

  • What is the difference between a title and an easement?

  • If a person is granted by an easement, he or she can use the property but the title of the property remains with the real property owner. Easements are typically made using a written document.

  • What are common types of easements?

  • Common easements include public utilities, power lines, and cable TV (though these are often underground). As easements are associated with real property, they are governed by real property law.

  • How do I know if I have an easement on my property?

  • A real estate attorney can help you confirm what easements exist on the property. When you do come across confirmation of an easement, make sure you take note of the expiration date of the easement, if there is one. That way, you檒l have a clear picture of how easements will affect you while you own the property.

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