Easement By Prescription


Definition of "Easement by prescription"

LaRenda Mosley
  CENTRY 21 Realty Partners

Acquired by adverse land use for a statutory period of time.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Market Price

Price at which the seller and the buyer agree to trade real estate on the open market. ...

Cancellation

(1) Voiding an order to buy or sell real estate. (2) Prematurely terminating an insurance policy. (3 ...

Failure To Perform Exclusion

Coverage that is excluded under commercial general liability insurance (comprehensive general liabil ...

Wrap-around Insurance Program

Program designed as protection for political risk (action taken by a foreign government resulting in ...

Warehouse-to-warehouse Clause

Part of an ocean marine policy that provides coverage of goods through all of the stages of a journe ...

Periodic Tenancy

tenancy having no written lease or contract. A periodic tenancy can be on a month-to-month or week-t ...

Related Real Estate FAQ

What Is A Mortgagor?

A mortgagor is the borrower. ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

7 Tips for a First Time Homebuyer Top Five Reasons Your Home Offer was Rejected How to become a real estate agent Real Estate Open House - The Dos and Don When to buy a house

FAQ

What is a subdivision? What is the difference between being prequalified and preapproved for a loan? What do I need to know about Auto Insurance? What is a mortgage insurance premium (MIP)? What is PITI and what does it stand for?