Easements, legal rights granting specific use of another person’s property, are a common aspect of real estate. For realtors, lenders, and investors, a clear understanding of easements is essential as they can significantly impact a property’s usability and market value. Tier 1 Title meticulously identifies and explains all recorded easements affecting a property.
There are different types of easements, including appurtenant easements (benefiting a specific adjacent property, like a shared driveway) and easements in gross (benefiting a specific person or entity, like utility lines). The terms and conditions of an easement, including its purpose, location, and maintenance responsibilities, are crucial details to understand.
Realtors must disclose any known easements to potential buyers and explain their implications. Lenders need to assess how easements might affect the property’s value and security. Investors must factor in the limitations imposed by easements when evaluating a property’s development potential.
Tier 1 Title’s comprehensive title reports provide clear and concise information about all recorded easements. Our team can also explain the legal ramifications of easements and answer any questions you or your clients may have. Understanding these rights and restrictions ensures transparency and avoids potential disputes in the future.