What does estate will be held in fee simple?
What does estate will be held in fee simple?
Fee simple is a term that refers to real estate or land ownership. The owner of the property has full and irrevocable ownership of the land and any buildings on that land. He is free to do whatever he wishes on the land subject to local zoning ordinances. Fee simple is the highest form of property ownership.
Who can acquire an easement?
An easement may be acquired by the owner of the immovable property for the beneficial enjoyment of which the right is created, or on his behalf, by any person in possession of the same.
Do easements have to be registered?
Therefore, for an express legal easement (which will automatically bind all successors) to be formed rather than simply equitable it must have been created by deed. A legal easement must be registered against the dominant and servient land (“tenements”), if their titles are registered, to take effect.
What are the essential characteristics of easement?
This chapter discusses the characteristics of an easement: there must be a dominant and a servient tenement; the easement must accommodate the dominant tenement; the easement must be owned or occupied by different people; and an easement must be capable of forming the subject matter of a grant.
Is easement a personal right?
easement is a personal right.
How close to your property line can you build?
The minimum distance between a property line and a building is called a setback. There is no standard limit since setbacks vary in different states and counties, but generally, it could be10-feet on the front, 4-feet on the sides, and 10-feet on the rear.
How long is an easement good for?
An easement usually is written so that it lasts forever. This is known as a perpetual easement. Where state law allows, an easement may be written for a specified period of years; this is known as a term easement. Only gifts of perpetual easement, however, can qualify a donor for income- and estate-tax benefits.
