Subsurface Easement
Definition of "Subsurface easement"
Owner of land allowing another to use space under the ground, such as to install a sewer or gas line.
Popular Real Estate Terms
A roof forming a triangle from the eaves to the ridge of the roof. ...
People say time is money. The old-age cliche applies more than ever in our case as we define what the Time Value of Money (TVM) means. You’ll find the term time value for money ...
House made using standardized components that are preassembled on an assembly line in a factory rather than being built from "scratch" on a site. Normally, the prefabricate house is trucked ...
lease computed as a percentage of the underlying appraised property value. Under the terms of a reappraisal lease, the rent is periodically adjusted using an independent appraisal of the ...
The definition of reversion in real estate is the return of property or assets to their original owner after a prespecified event or occurrence. This real estate term is used primarily in ...
Directing the bank not to pay a check when presented at the bank. There is a service charge for this. If a contractor loses the check given to him, he may ask that the payor stop payment ...
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 ...
In real estate terms, many consider having corner influence an extra financial advantage when it comes to transactions in most cases. Usually, enjoying a corner influence brings an ...
Documentation of zoning requirements and changes thereto. ...
Comments for Subsurface Easement
In a subsurface easement can the grantors do what they want on the top of the land?
Oct 06, 2020 17:20:57Hey, Lawrence! A surface easement comes with an agreement that empowers another person or entity to use the land beneath the owned property. Depending on what they want to do beneath the land, this might require them to use the top of the land as well. For example, if they want to install a gas line, then digging is required and this would result in the use of top land. But, since there is an agreement stipulating the terms and conditions should be featured in the agreement.
Oct 12, 2020 08:14:08Have a question or comment?
We're here to help.