What is an easement in real estate terms?

An easement in real estate is defined as a legal right that allows one party to use another individual’s land for a specific purpose, such as accessing a road or utility lines. This arrangement does not grant ownership of the land itself; rather, it permits the easement holder to utilize the property in a limited way that has been agreed upon. Easements can be permanent or temporary and can be utilized for various purposes, including pathways, drainage, or utility maintenance.

This understanding is crucial within real estate, as easements can impact property values and usage rights. For instance, if a property has a recorded easement allowing a neighbor to cross over it to access their own property, the owner must allow this despite any personal preferences. Recognizing the nature of easements helps clarify the rights and responsibilities of property owners and easement holders, which are essential in navigating property transactions and relationships.