While the homeowner who originally grants the easement may be compensated, subsequent homeowners typically are not, although the length of an easement may vary. If an agreement is reached, it will be set in stone with a legal document such as a deed. How is an easement created and dissolved?Įasements are created when property owners are approached for permission to use their land. If you live in a condo or home managed by a homeowners association, odds are these institutions own much of the property-or at least the public areas-while residents have rights to pass through. It’s particularly common in rural towns or newly developed cities that are tying into existing power lines, says David Nelson with the Imperial Home Team in Minneapolis. This easement is typically granted to utility companies to run power and cable lines on a property. The owner of Property B can get an easement, which grants him legal access to the driveway, but the owner of Property A still maintains ownership of the land itself,” says Realtor® Kelly Hurley with Re/Max Advantage Plus in Minneapolis-St. “It’s primarily located on Property A’s land, but it splits and also goes off to Property B’s land. Or, say Property A and Property B share a driveway. This is where a neighbor may need to pass through the property via a driveway to access the main road. Here are some of the most common you may encounter: Right of way easement Types of easementsĮasements come in many forms. Say what? You bend over backward to buy a home and now you have to share? Don’t worry, it’s not as bad as it sounds.
The term often crops up after buyers have made an offer on a home that’s been accepted, at which point a title search dredges up the easement-which is essentially the legal right for someone else to use the property for a specific purpose. Sure, it has the word “ease” in it, but most home buyers don’t find it easy to understand.
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