Monday, July 29, 2013

Types of Easement in Real Estate Investment | Inspiring Flash & CSS

There exist several types of easements in real estate investment. The first one is the express easement: this is one which is granted in a will or deed. These are the most common and must satisfy the statute of frauds. This means that an easement by express grants must be in writing so as to be valid or enforceable. Next is implied easement: this is an easement applied by prior use. They arise when a property owner split one parcel of real estate investment property into two then sells the second parcel and retains the first one. In addition, we have easement by prescription and by necessity: easement by prescription is granted to someone who has possessed anothers property for statutory period while an easement by necessity is granted by courts when a land owner proves that his property is blocked-in and cannot otherwise use it without being granted as easement.

Finally, there is the affirmative and negative easement: affirmative easement grant property owner the right to do something for example the right to cross over a neighbors land while a negative easement gives the property owner the right to prevent someone from doing something such as blocking sunlight or a view.

Source: http://inspirationup.com/types-of-easement-in-real-estate-investment/

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