Property Basics: Easements

When you go to sell your home, or when you are looking to buy, you might find certain situations in which a property has an easement. But what does that mean, and how can it have an affect on you and the use of the property?

Well, the short answer is that it depends on the type and purpose of the easement. A utility company, for example, might claim an easement on the edge of your property to run new sewage lines or power lines. This could result in the loss of space, or just temporary loss of space and use while the new utilities are installed and usually aren't a problem.

But there are other types of easements that could have a greater impact on you. While these situations are not common in most situations, understanding what an easement is and how it can affect you is an important consideration as you look to list or look to buy.

So, take a look at this video, which is produced by US Law Essentials. My sharing of this video is for informational purposes only, and is not an endorsement of US Law Essentials. You can check them out for yourself if you want by clicking in the video.

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