Easement


Definition of "Easement"

Legal right or privilege, such as that arising from a contract, to use land owned by another person or business for a specific purpose. The use should be reasonable for the circumstances.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Basic Limit

Minimum amount of coverage for which a company will write a liability insurance policy. ...

Arable

Land that is suitable for tilling and growing of crops. ...

Irrevocable

Something that cannot be changed. In life insurance, a beneficiary who has been named as irrevocable ...

Modular Housing

A prefabricate house constructed in a factory with final assembly and erection on site. Because of e ...

Sevient Estate

Land subject to an easement. ...

Escrow

Arrangement in which a buyer gives a deed and/ or money to an independent third party (an escrow age ...

Related Real Estate FAQ

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

What Is A Term?

A term is the length of a loan. ...

What Is A Deed?

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

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

What Does Travel Insurance Typically Cover?

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

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

6 Reasons you are not selling properties What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Is it better to buy or sell a home first Real Estate Open House - The Dos and Don How Does The Home Loan Underwriting Process Work?

FAQ

What does FSBO mean? What are jumbo mortgages? What are the benefits of Commercial Auto Insurance? What is a wraparound mortgage? What are paid advertorials?