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Tuesday, April 24, 2012

Term Tuesday: Easement

An easement allows a portion of a parcel to be available for access and specific use to another party. The most common are utilities easements or easements granted to a neighbor to cross your property, as in the case of a private road. Easements are formally recorded in the property's title report and remain with the land regardless of sale or transfer.

Easements do not grant possession rights to the other party, only the right to the specific use.

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