What is an easement in real estate?

An easement in real estate refers to a legal right that allows a person or entity to use another individual's property for a specific purpose. This is essential in property law as it helps facilitate access or usage rights without transferring ownership of the property. Easements can be created for various purposes, such as allowing utility companies to run power lines or providing access to a landlocked property.

Understanding this definition highlights the importance of easements in residential and commercial property discussions. Unlike restrictions on property usage that impose limitations, easements enable specific, beneficial uses while preserving the rights of the property owner. They are governed by legal agreements that define the terms of use, duration, and responsibilities associated with the easement, which distinguishes them from written agreements for property sales or property leases that entail different legal relationships and functions.