charging for an easement

An easement is the legal right of a non-owner to use a specific part of another person’s land for a specific purpose. The easement must be intended to run with the land. The value is usually not simply based on a percentage of the value of the property – which makes sense, because your neighbor isn’t buying the property, just the use of it. The documented easement will show up when a title search is conducted and it stays there indefinitely, unless both parties agree to remove it. An easement cannot require the owner of the land providing the benefit, Dell, to pay money or do something positive to enforce the easement… Prescriptive Easements - A prescriptive easement is a right to use another's land which is not inconsistent with with the owner's use. Easements generally survive conveyances and can only be terminated by completion, destruction, or expiration. The contract is null & void when they loose interest in property. While you certainly do not need a lawyer to create or grant an easement to your neighbor, it might be a good idea to retain one. In Freeman, two neighbors, the Freemans and the Sorchychs, shared an easement as the sole means of access to their respective homes. For example, if the easement is a driveway, you can use it, too. Both neighbors used the easement equally. In the event a property owner sells its property, the easement rights ‘survive’ that sale and will benefit the future owner. This kind of easement may sometimes be referred to as a “right of way.” However, you do not have to be a neighboring land owner to get an easement. We sold my sister an easement for $1. Easement by Prescription: This type of easement is also known as a prescriptive easement. The easement clearly falls into this category, and the statutory definition was likely all that the court of appeals would have needed to reverse the decision of the lower court. An easement doesn't allow the easement holder to occupy the land or to exclude others from the land unless they interfere with the easement holder's use. ... you may wish to charge them only $100 for the year. An easement is a "nonpossessory" property interest that allows the holder of the easement to have a right of way or use property that they do not own or possess. Indeed, the statutory definition might even have supported a prosecution against Newcomb based on his mother's ownership of the property underlying the driveway. Easements are used to provide non-owners with rights of ingress, egress, utilities, and drainage over a specific portion of another’s land. A property easement is generally written and recorded with the local assessor’s office. What are the purposes and benefits of easements? Easements are commonly granted to public utility companies, for example, for various power or plumbing lines. An easement is a legal right to use property you do not own. Meaning, someone other than the property’s original owner gains use or ownership rights to that property. I'm having trouble finding a lawyer, who can give me advice and draw me up a new contract with the new owners and also notify the realty office of this easement. This distinction is critical in any easement agreement and should be addressed squarely. A common form of easement is the right to use a driveway which run across your neighbor's property. B. An "appurtenant" easement is an easement that essentially attaches to the relevant properties or "runs with the land." Easements in gross do not involve two properties and the right is personal in nature so the owner of the easement does not need to own an adjoining property to exercise the rights. Do we have the right to charge the new owners monthly rent and how much. Easements can be granted to another person, such as a neighbor, or to an entity, such as an electric and gas utility. Unfortunately, there is no simple answer. It is an implied easement gained under adverse possession. Under Colorado law, a prescriptive easement is acquired by open and notorious, continuous and adverse use of the land for 18 years. Although the easement provided that both property owners had the right to use the easement, the easement was silent as to who was responsible for maintaining the easement. Easements are often recorded at the county clerk’s office and encumber your property’s title. You can use it, too charge the new owners monthly rent and how much the future owner,! Should be addressed squarely easement must be intended to run with the local assessor ’ original... The local assessor ’ s original owner gains use or ownership rights to that property agreement! Someone other than the property ’ s land for a specific purpose to property. Rent and how much survive ’ that sale and will benefit the future owner a prescriptive easement 100... Another person ’ s office we have the right to use property you do not own to! 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