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Easement

Discussion in 'Investing Glossary' started by Glossary, 27th Sep, 2006.

  1. Glossary

    Glossary Active Member

    Joined:
    12th Sep, 2006
    Posts:
    25
    Definition:

    A right in relation to a property held by a person or entity, other than the legal owner of the property. For example, an electrical easement may give a neighbour the right to run power lines over a particular portion of a property so as to transmit electricity to a neighbours property. Most easements should be recorded on the certificate of title.