The right to enter or use another person’s land for a specific purpose
Utility companies commonly get easements to install poles and string wire across private land. You can create an easement either with a written contract or deed, government action, or if you can prove that you made use of someone’s property for 5 or more years. For example, if your home is land locked, and you have to cross your neighbor’s property everyday to reach the street. Two common ways to end an easement are by courtaction or quitclaim deed.
An easement is also called right-of-way.
Mortgage definitions and Real Estate Terms, Consolidating loans, refinancing mortgages and reverse mortgage process available to anyone. This consumer information site contains several tools and guides to aid in purchasing or refinancing a home or commercial property.
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Showing posts with label right-of-way. Show all posts
Showing posts with label right-of-way. Show all posts
Monday, April 17, 2006
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