Easement

Real Estate Investing Glossary – Malone Global University

Definition

An easement is a legal right that allows someone other than the owner to use a portion of a property for a specific purpose—without owning it. Easements “run with the land” in many cases, meaning they can bind future owners and affect what can be built or how the property can be used.

How Easements Work

Easements are usually recorded in public records and often appear as exceptions on a title report. They can grant rights like access across a driveway, placement of utility lines, or drainage through a swale. The property benefiting from the easement is often called the dominant estate, and the property burdened by the easement is the servient estate.

Common Types of Easements

Appurtenant vs. In Gross

Why It Matters to Investors

Due Diligence Checklist

Common Pitfalls

Related Terms

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