What is an easement?

An easement is defined as a legal right to use someone else's land for a specific purpose. This concept is fundamental in property law as it grants individuals or entities permission to access or utilize a portion of another person’s property without transferring ownership. This can include rights for utilities, pathways, or access to water bodies, all aimed at serving a specific, usually agreed-upon, practical function.

Understanding this concept is critical for real estate professionals because easements can significantly impact property values, land use, and the rights of landowners. An easement does not grant ownership but rather a limited right to use the land for the agreed-upon purpose, which is why clarifying the terms and conditions associated with it is crucial during property transactions.