Definition of "Implied easement"

Todd Lands real estate agent

Written by

Todd Landselite badge icon

Charles Reinhart Company

  1. Property used consistently for many years by someone without challenge from the owner.
  2. Easement resulting from law such as the reasonable expectation that a purchaser of one or two homes owned by the seller will be able to use a common driveway after one of the houses is bought. If the seller wishes this not to be the case, it must be explicitly stated.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Same as term capitalization rate: Also called cap rate or income yield. A useful way to compute the rate of return on a real estate investment. It equals the net operating income (NOI) for ...

Divider made of plasterboard or plaster used to partition rooms. A room is created by the walls surrounding it. ...

Generally, a legal notice implies a method of official notification to an individual, organization, company, or the public that a particular event is about to occur. We can call a ...

Having two families live in a residence designed for only one family. This violates single-family residence zoning. ...

History of an individual's credit financial transactions including a detailed payment analysis. The creditor history is critical for performing a credit analysis to develop a credit rating. ...

Single mortgage or other encumbrance that covers more than one piece of real estate. ...

One who receives real property under a will. ...

A charge based on the asset value of a real estate security portfolio to manage it. For an open-end mutual fond, the management charge is included in the selling cost of the security. ...

The loss of an access right to a parcel of property through another property owner's property. This could materially affect the value of the property denied access. ...

Popular Real Estate Questions