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
Timber in an original form, such as a pole. ...
Member of a partnership whose liability for partnership debts is limited to the amount invested in the partnership. A limited partner is prohibited from taking active part in the management ...
Estimated value of property after a specified time period. ...
Measure of land representing one square mile. A section equals 640 acres. ...
mortgage being reduced through periodic principal and interest payments. ...
The portion of property income due to the ground value itself. It is used in a few states whereby an individual can own a structure and rent the ground to occupy a plot of land. ...
In an everyday scenario, a meeting of the minds implies fully agreeing with another person. What does meeting of the minds mean in real estate? Picture you want to buy or sell a property. ...
Structure not directly belonging to a property but considered a part of it through the use of an easement of common consent. ...
See historic structure. ...
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.