Real Estate Leins And You
There are many different ways to give the rights to use your land over to other people without actually selling them the property, there are also some restrictions that can be placed upon your property without your knowledge. These rights are commonplace, and they can often be very valuable, or lucrative. The three common ways to give rights to use your land to another are easements, licenses, and profits. These three different types of rights are pretty straightforward, if you take the time to understand them. It is very important to keep track of these rights, because real property often has a long and convoluted history of prior owners and transactions.
An easement is a right to use land or a portion of the land owned by another person for a specific purpose and is either perpetual or for a specific period of time. The most common form of an easement is the easement that is used in order to give someone else access to their own property. For instance, if farmer Joe can?t get to his property without crossing your property, because his property was landlocked, he would need to obtain an easement from
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