what is an easement in real estate

Best answer

An easement, or easement agreement, is areal 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 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.

  • What is a private easement?

  • Private easements are property rights that can be created and sold or given by the property owner to another party. For instance, let say your neighbor wants to access your land to install solar panels. You have the right to either grant access or refuse to sell a private easement.

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