Real Estate Word of the Day: Easement
Posted by Tom Crimmins Realty on
Real Estate Word of the Day: Easement
An easement is a legal concept that grants a specific individual or entity the right to use a portion of another person's property for a particular purpose. This right doesn't involve ownership of the land itself, but rather a limited, non-possessory interest in the land. Easements can exist for various purposes, ranging from granting utility companies access to install and maintain infrastructure, to allowing neighbors a pathway across a property.
Types of Easements
There are several types of easements that can impact real estate:
- Easement Appurtenant: This type of easement involves two adjacent properties, with one property (the dominant estate) benefiting from the easement over the other property…
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