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
People often use the term in their everyday discourse, yet many wonder what the meaning of common law genuinely implies. Common law refers to a system of jurisprudence based on court ...
Expenditures pay by the owner of house to keep and maintain it including real estate taxes, interest on a mortgage, repairs and maintenance, and capital additions (e.g., new roof, new ...
System of interconnected pipes, radiators, and/or ducts designed to heat a building utilizing a main heating unit. The system is controlled through a thermostat that regulates the ...
Economic policies designed to reduce the fluctuation in the business cycle. An example is Federal reserve monetary policies. An attempt by an underwriter to prevent a market price of a ...
Ownership interest in property that is above the minimum needed to meet uncertainties or a downward trend in real estate market. ...
Charges billed for services rendered. They may be on a flat basis or on an hourly rate. ...
Periodic expenditures undertaken to preserve or retain a property's operational status for its originally intended use. These expenditures do not improve or extend the life of the property. ...
national trade association of people engaged in the mortgage banking business, dedicated to the betterment of the mortgage banking industry through education, legislation, and high ethical ...
Lien on a given property, such as an person's house as a collateral for a loan. ...
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.