10 Benefits Of A Property Easement

Property easements can be a great way to protect and preserve the land being worked on by directional drilling Sydney, while providing its owner with financial benefits. An easement is an agreement between two parties that grants the holder certain rights over another’s property, usually for public or private use.

A property easement is a right that one party holds over another's real estate. It grants the holder of the easement an exclusive right to use the land in a specific way and can be used for many different purposes. The most common form of this type of agreement is an easement by necessity, which reserves access to a public road or utility line across private property.

Property easements also provide recreational rights such as hunting, fishing, and hiking on otherwise inaccessible land. In addition, other forms of property easements exist including those that protect historic properties or safeguard access to natural resources like rivers and lakes. 

Easements are typically created by written agreements and are recorded at the local county courthouse so other parties included in real estate transactions can easily be made aware of them. Property easements are often (but not always) permanent, meaning that the rights granted by an easement remain in place even if the land is sold or ownership changes.  They also typically run with the land, meaning that any future owners must abide by the terms of the easement agreement put in place by previous owners.

Whatever the purpose may be, understanding what goes on inside a property easement is key to taking full advantage of its benefits.

What advantages can a homeowner and the other concerned parties get from a property easement? The following list does its best to explain everything.

Increased Property Value

Easements may increase the value of your property by allowing access to amenities such as hiking trails, beaches or other recreational areas. 

Tax Benefits

Some states offer tax incentives for those who donate their land or place it in an easement program. This can help reduce your overall tax burden and provide you with additional income. 

Access to Services

Easements can provide access to public utilities, such as water and sewer services, which would not be available without an easement. 

Increased Property Security

An easement may help protect your land from development or other forms of destruction by limiting the use of the property. 

Conservation Benefits

Easements are often used to preserve open space, wildlife habitats and other natural resources for future generations. 

Preservation of Historic Landmarks

Historic properties may be conserved through an easement to maintain their unique characteristics. 

Reduce Maintenance Costs

An easement allows you to reduce maintenance costs associated with managing a large parcel of land. 

Increased Property Resale Value

Easements can increase the resale value of your property by restricting development and preserving its integrity. 

Improved Quality of Life

Easements may provide access to recreational areas, such as beaches or parks, which can improve the quality of life in a given area. 

Private Use Agreement

An easement may be used to grant individual private use rights over another’s land, such as using a neighbour’s driveway for parking. 

Property easements offer a variety of benefits to both landowners and those who hold them. By considering all the options available when determining whether or not to enter into an easement agreement, you can ensure that you are making the best decision for both yourself and the environment.

The key takeaway from this article is that property easements can be beneficial in many ways, including increasing the value of your property, providing tax incentives and protecting historic landmarks. With careful consideration, they can also help protect natural resources while providing access to services and recreational areas. Furthermore, private use agreements may be established through an easement agreement to grant certain individual specific rights to use the land. 

It is important to remember, however, that before entering into an easement agreement it is essential that you seek legal advice from a qualified attorney or land use specialist to ensure that it meets your particular needs and circumstances.