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Complete Guide to Real Estate Easements – investxyon
Thursday, February 22, 2024
Home Investment NewsReal Estate Investing Complete Guide to Real Estate Easements

Complete Guide to Real Estate Easements

by xyonent
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Important points

Some properties have easements, which give third parties other than the owner the right to use or access parts of the property.

Easements are common and listed on your property title, but you may have to do a little research to find out if you have one on your property.

There are many different types of easements, and each can have different meanings for property owners. Some may affect property values.

By doing your research and working with a competent attorney, you can find easements so there are no surprises in the future.

If you are buying real estate for the first time, you may come across a lot of terms that are unfamiliar to you.

What is it communicating?

What is a pre-payment inspection?

What is a trust account?

And another term that is probably relatively uncommon for new developers and investors is; “Easement”.

So, in this article, we will provide an overview of what a real estate easement is so that you don’t have to worry about it the next time you encounter one during your real estate transaction.

land development

What is a real estate easement?

The legal definition of an easement is: the right to cross or otherwise use a portion of another’s land.

But what exactly does that mean?

That could mean you can’t build on a piece of land or easement because it’s almost like sacred land.

This does not mean that the new property is located in an old cemetery or burial ground.

This may mean that nearby landowners or public works authorities need access to a portion of your land because the easement is land that includes: essential services.

They may need to pass through your property to get to their property or conduct business.

An easement is a legal right to use someone else’s land for a specific purpose.

Therefore, it is very important for small developers to thoroughly understand easements before purchasing a property. This is because easements can affect whether a project is economically viable.

Buyers can typically find the information they need at: position of easements relating to ownership of real property.

What types of easements are there?

An easement is a right to someone else’s land for a specific purpose, but what is that purpose?

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