Easement

A legal right to use another person's land for a specific purpose, such as utility access or a shared driveway. Easements transfer with the property and can affect its use and value.

Key Points

Understanding easement is essential for evaluating real estate investments
This concept helps investors compare opportunities objectively
Our Free Snapshot tool automatically calculates relevant metrics for any property

Related Terms

Title Insurance

Insurance that protects against financial loss from defects in title to real property. Title issues could include unknown liens, fraud, errors in public records, or undisclosed heirs claiming ownership.

Zoning

Local government regulations that dictate how property can be used (residential, commercial, industrial) and what can be built (height limits, setbacks, density). Zoning changes can significantly impact property value.