A flowage easement is a legal agreement that permits a designated party, often a governmental agency or utility company, to occasionally flood or overflow an area of land for specific purposes such as flood control or water management. This easement grants the right to manage water flow, which may result in temporary submersion of the land.
To complete a Flowage Easement form, follow these steps:
This form is suitable for property owners who are being approached by a government or private entity requesting the right to flood their land for flood control or other water management projects. It is particularly relevant for individuals or businesses in flood-prone areas where such easements may be necessary for public safety.
A flowage easement is generally utilized in jurisdictions where government entities or utility companies need to manage water resources effectively. These easements help prevent flooding in populated areas and can be an essential part of local land-use planning.
Utilizing an online platform to complete a Flowage Easement form offers several advantages:
When completing a Flowage Easement form, be cautious to avoid these common errors:
An easement is a "nonpossessory" property interest that allows the holder of the easement to have a right of way or use property that they do not own or possess. An easement doesn't allow the easement holder to occupy the land or to exclude others from the land unless they interfere with the easement holder's use.
The property owners could pay off the mortgage and refinance with a new mortgage after the easement is put in place. This would put the easement holder's interest ahead of the mortgage holder's. This is the simpler solution but not always practical from the owners' financial standpoint.
Although an easement grants a possessory interest in the land for a specific purpose, the landowner retains the title to the property. Easements may be given to anyone, such as neighbors, government agencies, and private parties.
Flowage easement land is non-federal land on which the United States Government has acquired certain perpetual rights, including the right to overflow, flood and submerge the land, the right to prohibit structures for human habitation, and the right to approve all other structures proposed for construction within the
Include the whole length and width. Do this by reference to plans and a ground inspection. Deduct the "after scenario" value from the "before scenario" value to arrive at a value per unit of the easement land. Multiply by the measured area of the easement land to arrive at a total market value.
In most situations, easements will not decrease the value of the property. If the easement has strict rules or requirements the property owner must follow, however, it can affect property value and marketability.
The value of the easement is based on the difference between the value of the whole property before the taking and its value after the taking with the easement in place.