real estate investing

Monday, August 15, 2005

Understanding Easements for San Clemente Real Estate

When purchasing Real Estate in San Clemente, make sure you are aware of any existing easements.Easements on San Clemente Real Estate can be very standard and actually benefit the property, but sometimes the existence of even a standard easement may make it impossible for you to make certain improvements or alterations to your home or vacant land.An easement generally involves one property owner granting certain rights over part or all of his or her real estate in favor of another (usually adjoining) for a designated purpose.  Examples of San Clemente common easements include a right to drain water, sewage lines, utility easements for gas and electric, etc.If two neighbors decide that one will grant an easement in favor of the other then it is viatl that the document is properly drafted, signed and recorded with the office of the orange county recorder.  However, some San Clemente easements don't have to be in writing. Examples of such easements include prescriptive easements, which can result for continuous use of property, without permission of the owner, over a period of time,If your San Clemente neighbor had made a practice of crossing your property to get to his property fro at least seven years, and you knew about it but did nothing to prevent it, he could acquire an implied easement to continue to do so. Ownership rights of the property can be imported by an easement, but the public and/or private parties benefit from the affirmative use of land for roads, power lines, etc, due to the additional freedom of movement and this type of easement generally does not offset marketability. Remember that every situation is different and if you have any concern about your rights as an owner or as a purchaser, you should consult a real estate attorney.  If you would like to view San Clemente Homes for Sale in the MLS, just visit our website below.See AlsoSan Clemente Real Estate for SaleMLS Home Search, Prices, Photos and more. more...

www.veryoldbird.com/realestateinvesting
Originally Posted on 8/15/2005 2:59:19 PMContent source: http://ocrealestateblog.com/public/item/96248

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