An easement is an important concept to understand when it comes to real estate. Essentially, an easement is a right that one party has to use another party’s property for a specific purpose. Common examples of easements include shared driveways, utility lines, and drainage systems. Essentially, an easement is any right, privilege, or benefit that someone enjoys in the land of another.
If you are buying a property, it’s important to be aware of any existing easements that may impact your use of the property. For example, if there is an easement in place that grants your neighbor the right to use your driveway, you may not be able to park your car in that spot without interfering with the easement. This is why it’s important to carefully review any contracts that mention easements of record and to have any potential easements thoroughly checked out during the title examination process.
In short, easements are an important consideration for anyone who is buying or selling real estate. By understanding what an easement is and how it can impact your use of a property, you can avoid any unpleasant surprises in the future.
If you have any questions Be Aware of Easements, you can contact us at +1(516) 829-2205 and +1(516) 647-4289. Additionally, you can also find us on various social media platforms such as Google My Business Profile, Facebook, Twitter, LinkedIn, Instagram, YouTube, and Pinterest.