Question: Does An Easement Affect Property Value?

Common easements have NO impact on property value as property value is determined by the principle of “substitution”.

You can have a utility easement, with no utility infrastructure in it.

Whether it does or does not is irrelevant.

Your property value is based on the prices paid recently for neighbor’s homes.

Who is responsible for maintaining an easement?

Maintenance of the property is the responsibility of the landowner. If the holder of the easement or right-of-way causes any damage, they must restore the property to the original condition or pay damages. Structures owned by the holder of the easement are not the responsibility of the landowner.

What is the value of an easement?

The measure and impact or value of an easement is the loss in value to the remainder property after imposition of the easement5. Traditional before and after methodology is the best measure of the market impact of an easement on a particular property.

Are utility easements public property?

PUE stands for Public Utility Easement. PUEs are not granted in the public streets and highways, but are upon the real property purchased by the purchasers of the subdivided lots. These easements are not granted to the county; instead, the easements are expressly dedicated to the public utility purposes.

What does having an easement on your property mean?

An easement is a legal right to use another’s land for a specific limited purpose. In other words, when someone is granted an easement, he is granted the legal right to use the property, but the legal title to the land itself remains with the owner of the land.

Can you put fence on easement?

An easement is the right to use a part of your property, by a third party, for a specific purpose. You can’t build on an easement. Nothing – not even a fence or part of a fence. If you do, you’ll have to take it down and compensate for any damages you might have caused.

Can you refuse an easement?

As the owner, you have a legal right to grant or to deny someone’s request for an easement on your property. No one can simply impose an easement on you. However, if the easement is sought by a public entity like a local government or utility, your denial may be challenged in court.

What are the three types of easements?

These easements may be for public utility or power lines, phone lines, water pipes, sewers pipes, gas lines and often cable TV. There are three common types of easements.

There are three common types of easements.

  • Easement in gross.
  • Easement appurtenant.
  • Prescriptive Easement.

Are easements permanent?

Although permanent easements are the norm, they can be can be terminated in numerous ways. An easement may also be terminated when an individual owning the dominant estate purchases the servient estate, or when the holder of an easement releases his or her right in the easement to the owner of the servient estate.

Do easements expire?

Expiration. The simplest way an easement can terminate is if the time period for the easement’s existence expires. In such a case, the easement would have to have a time limit that was set at the time that the easement was created. When that event occurs, the easement will automatically expire.