What is an easement?

An easement is a property right and type of incorporeal property in itself at common law in most jurisdictions. An easement is similar to real covenants and equitable servitudes. In the United States, the Restatement (Third) of Property takes steps to merge these concepts as servitudes.

What is an example of an easement in real estate?

For example, when a person is required to use a neighbor's driveway to access his home, it's considered an easement by necessity. An easement in real estate is the right of one party to use the property of another party by paying a fee to the property owner.

What are the different types of easements?

Easements come in many forms. Here are some of the most common you may encounter: This is where a neighbor may need to pass through the property via a driveway to access the main road. Or, say Property A and Property B share a driveway. “It’s primarily located on Property A’s land, but it splits and also goes off to Property B’s land.