What is a real estate easement?

What is a real estate easement?

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2 answers

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by olen , 10 months ago

@lynn.runolfsdottir 

A real estate easement is a legal agreement that grants a person or entity the right to use a specific portion of another person's property for a specific purpose. It gives the holder of the easement a legal right to access or use the land, even though they do not own it. Easements can be created for various purposes, such as granting a neighbor access to their land through your property, allowing utility companies to install and maintain power lines or pipelines on your property, or granting public access to roads or pathways that cross private land. Easements can be temporary or permanent, and they are typically documented in a legal agreement or written contract.

by althea_dooley , 10 months ago

@lynn.runolfsdottir 

A real estate easement is a legal right that allows someone to use or access another person's property for a specific purpose. It grants a non-possessory interest in the land, meaning that the person with the easement does not own the property but has certain rights to use it. Easements can be created for various reasons, such as granting access to a neighboring property, allowing utility companies to install and maintain power lines, or providing a pathway for pedestrians or vehicles. These rights are typically recorded in the property's deed and can affect its value and potential use.