Real Estate Term of the Day: Easement
EASEMENT – the right, privilege, or interest that one party has in the land of another (Barron’s Dictionary of Real Estate Terms)
Common types of easements that can show up on a property title search include:
- Utility:
- storm drain
- sanitary sewer
- electrical power
- telephone line
- gas pipe
- Road access
- Driveway access
- Sidewalk easement
