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

Rate of return of capital invested in building improvements. Is segregated from land investments and provides a method of separating property income streams between improvement and land ...

The term adverse possession is a legal principle that allows a person who resides on another person’s land or possesses another person’s land to get a title for that land. There ...

The use of borrower funds by people or business to increase the return on an investment. Examples are a mortgage to purchase real estate and buying real estate stock on margin. ...

An individual legally fit and able to undertake an activity or function. ...

In real estate, the basis to set an adjustable rate mortgage, such as a 6-month certificate of deposit (CD) rate, cost of funds index, or prime rate. A statistical measure stated as ...

Contract that intends to convey property form one individual to another but is defective in one respect. ...

Mortgage loan where for a slight increase in the monthly payment, the loan can be paid off in only 15 years, The overall savings in interest paid to the lender over the life of the 15-year ...

A type of real estate investment trust (REIT) that does not own property but gives short-term financing for construction loans or for permanent mortgage loans for major projects. ...

Amount invested in property in cash. ...

Popular Real Estate Questions