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Easement

What is 'Easement'

Easement is a real estate concept that defines a scenario in which one party uses the property of another party, where a fee is paid to the owner of the property in return for the right of easement. Easements are often purchased by public utility companies for the right to erect telephone poles or run pipes either above or beneath private property. However, while fees are paid to the property owner, easements can negatively affect property values in that unsightly power lines, for example, can lower the visual appeal of a piece of land.

Explaining 'Easement'

Easement is a term that is used to describe a high-level agreement between the owner of a property and another party, either a person or an organization, where that party pays the owner for the right to utilize it for a specific purpose. Since an easement is unique to the agreement between the two parties involved, easement agreements are structured in such a way that the specific use of the property is explicitly outlined and that there is a termination of easement given to the property owner. Easement agreements are sometimes transferred in a property sale, so it's important for potential buyers to know if there are any easements on the property being evaluated.

Examples of Easements in Real Estate

Easements come in all shapes and sizes, but there are three common types of easement agreements. The first is a utility easement. This type of easement is an agreement between a property owner and a utility company that allows the utility company to run power lines, water piping or other types of utilities through a property. Utility easement agreements are often included in a property's deed or held by a city or municipality.


Further Reading


Factors impacting agricultural landowners' willingness to enter into conservation easements: A case study
www.tandfonline.com [PDF]
… Educational efforts for landowners and land trust agents could improve the functioning of easement markets … 1995 . Purchase of development rights and the economics of easements . Agricultural Economic Report No. 718 …

Why do cattle ranchers participate in conservation easement agreements? Key motivators in decision makingWhy do cattle ranchers participate in conservation easement agreements? Key motivators in decision making
www.tandfonline.com [PDF]
… Educational efforts for landowners and land trust agents could improve the functioning of easement markets … 1995 . Purchase of development rights and the economics of easements . Agricultural Economic Report No. 718 …

Conservation outcomes and social relations: a comparative study of private ranchland conservation easementsConservation outcomes and social relations: a comparative study of private ranchland conservation easements
www.tandfonline.com [PDF]
… Educational efforts for landowners and land trust agents could improve the functioning of easement markets … 1995 . Purchase of development rights and the economics of easements . Agricultural Economic Report No. 718 …

Irreversible investment under uncertainty: Conservation easements and the option to develop agricultural landIrreversible investment under uncertainty: Conservation easements and the option to develop agricultural land
onlinelibrary.wiley.com [PDF]
… Educational efforts for landowners and land trust agents could improve the functioning of easement markets … 1995 . Purchase of development rights and the economics of easements . Agricultural Economic Report No. 718 …

Capitalization of open spaces into housing values and the residential property tax revenue impacts of agricultural easement programsCapitalization of open spaces into housing values and the residential property tax revenue impacts of agricultural easement programs
www.cambridge.org [PDF]
… Educational efforts for landowners and land trust agents could improve the functioning of easement markets … 1995 . Purchase of development rights and the economics of easements . Agricultural Economic Report No. 718 …

Why agree to a conservation easement? Understanding the decision of conservation easement grantingWhy agree to a conservation easement? Understanding the decision of conservation easement granting
www.sciencedirect.com [PDF]
… Educational efforts for landowners and land trust agents could improve the functioning of easement markets … 1995 . Purchase of development rights and the economics of easements . Agricultural Economic Report No. 718 …

Land use determines interest in conservation easements among private landownersLand use determines interest in conservation easements among private landowners
www.sciencedirect.com [PDF]
… Educational efforts for landowners and land trust agents could improve the functioning of easement markets … 1995 . Purchase of development rights and the economics of easements . Agricultural Economic Report No. 718 …

Landowner attitudes toward conservation easements: Balancing the private and public interest in landLandowner attitudes toward conservation easements: Balancing the private and public interest in land
www.tandfonline.com [PDF]
… Educational efforts for landowners and land trust agents could improve the functioning of easement markets … 1995 . Purchase of development rights and the economics of easements . Agricultural Economic Report No. 718 …

Valuation of real estate with easementValuation of real estate with easement
www.sciencedirect.com [PDF]
… Educational efforts for landowners and land trust agents could improve the functioning of easement markets … 1995 . Purchase of development rights and the economics of easements . Agricultural Economic Report No. 718 …



Q&A About Easement


What does an easement allow for?

An easement allows for one party to utilize another's property.

How does purchasing an easement affect a property value?

It may lower the visual appeal of the land.

What does Right-of-Way mean ?

A right-

What are some other types of Easements besides utility Easements ?

There are three common types - Right-of-Way , License , and Negative Density .

Can I sell my Easements with my house when I sell it ?

Yes , but only certain types .

Who can purchase an easement?

Utility companies, public or private, can purchase an easement.

What is an easement?

An easement is a real estate concept that defines the use of another party's property.

Are all Easements transferable ?

No , some are not .