right to use or access real estate by another entity.
Utility companies usually have easements granted by the
city. They have
the right to access your property to repair or replace a
utility. Roads that border your property also have an
easement so they can expand the road if they need to without
having to pay you or go through legal channels to gain access
to your property.
Natural gas pipelines and
other commercial interests can also have an easement on your
property. For example, if a natural gas pipeline wants
to expand, they can tear up your property to the boundaries of
the easement without your permission.
When you are looking at
buying a property, check for easements on the property and
factor the amount of land that is under easement when
determining the purchase price. Properties with a lot of
already existing easements are usually worth less than
properties with few easements, all other things being equal.
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