Easement in Real Estate
An easement is a non-possessory right to use and/or enter onto the real property of another without possessing it. It is a property right that grants the bearer permission to use someone else's land for a specified purpose. Easements are commonly granted for utilities, access roads, or pedestrian pathways.
Understanding Easements
Easements are most commonly used to allow access to utilities, which may include sewage pipes, electrical cables, or water lines. An easement can also include personal easements, such as the right of a neighbor to use a driveway or a path to access their property.
Types of Easements
- Right of Way: Grants the right to travel across property owned by another party.
- Utility Easement: Allows utilities companies to install pipelines or cables.
- Private Easement: A private agreement between landowners for specific use.
Example of an Easement
Consider a homeowner who owns a piece of land that is completely surrounded by other properties. Without the ability to cross one of those neighboring properties, the homeowner would have no access to their land. An easement agreement with one of the neighbors to use their driveway for access is necessary. This is known as an easement by necessity.
Importance of Understanding Easements
Understanding easements is crucial in real estate as they can significantly affect how a property can be used and can impact the property's value. Involving a legal professional when dealing with easements can provide guidance to ensure lawful compliance and proper documentation.