There are three common types of easement agreements. The type of service granted depends on the objectives of each party. A contract of servitude or servitude is a real estate concept that defines a scenario in which one party uses the property of another party, with a royalty being paid to the owner of the property in return for the right to easement. Services are often purchased by utility companies to build telephone towers or lay pipes either above or under private sector ownership. However, while royalties are paid to the owner of the property, easements can have a negative impact on the value of the property, for example because unsightly power lines can reduce the visual appeal of a piece of land. Finally, there is a third common service agreement, called servitude. This type of servitude is more liberal, as it does not require a written agreement and can be imposed by local legislation. An easement is necessarily created when a party is required to use another person`s property. For example, if a person has to use a neighbor`s entrance to access their home, this is inevitably considered an easement. AND The Licensor, which has received a good and valuable consideration, including the sum of $1.00, which it expressly acknowledges the receipt of, on behalf of itself, from its heir and beneficiaries of the assignment, hereby grants an indefinite period to the Fellow, his heirs and recipients: the first is an easement. This type of service is an agreement between a landowner and a distribution company that allows the distribution company to operate power lines, water pipes or other types of distribution companies through real estate.
Service contracts are often included in the deed of a property or are held by a city or municipality. A typical easement agreement used to describe a high-level agreement between the owner of a property and another party, either a person or an organization, describes a form of payment from the applicant to the owner for the right to use the object of the easement for specific purposes. The second type of common easement is a private service agreement between two private parties. This easement is quite standardizing because it gives a party the right to use a piece of property for personal needs. For example, a farmer needs access to a pond or additional farmland, and a private service agreement between him and his neighbor gives him access to these needs. When pipes or a similar utility need to be driven through nearby land for a person`s well system, the private easement agreement is executed. Since an easement is unique to the agreement between the two parties, easement agreements are structured in such a way as to clarify the specific use of the immovable property and that the end of the easement is granted to the owner of the land. Such agreements are sometimes transferred during a real estate sale, so it is important for potential buyers to know if there are easements on the property to be valued. Adresse______________________________________________________________________ I swore and subscribed that 20-year-old day. . ET, (NAME), now « Grantee », the owner of real estate adjacent to or adjacent to the aforementioned property, described as follows:.