Terminating Termination Easement Form

State:
Multi-State
Control #:
US-00993BG
Format:
Word; 
Rich Text
Instant download

Description

The Terminating Termination Easement Form is a legal document that facilitates the formal release of an easement agreement between two parties. This form serves to record the relinquishment of the easement, ensuring that the property rights associated with the easement are effectively terminated. Key features include sections for specifying the parties involved, the original easement details, and the terms of consideration for the termination. Users are required to fill in the names and addresses of both the releasor and releasee, the date of the original easement, and the sum being paid for the termination. Filling and editing instructions emphasize the importance of accurately detailing the easement's legal description and ensuring all parties sign and date the form appropriately. The form must be notarized to ensure its validity. This document is particularly useful for attorneys and paralegals involved in real estate transactions, as it helps in resolving disputes and clarifying property boundaries. Additionally, partners, owners, and associates will find this form essential when needing to formalize property agreements or clear easements that are no longer applicable.
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FAQ

An easement is extinguished when the servient owner, in exercise of a power reserved in this behalf, revokes the easement. If the servient owner at the time of granting an easement reserves the power of revoking it then by the exercise of such power he can extinguish the easement.

If the grantor of the easement agrees, an easement can be removed from the title. Hones Lawyers can assist in documenting any agreement to remove an easement and file it with the Office of Land Titles. An easement can also be removed from the title by the Court if you can prove it is not needed anymore.

An easement is extinguished when the dominant owner releases it, expressly or impliedly, to the servient owner. Such release can be made only in the circumstances and to the extent in and to which the dominant owner can alienate the dominant heritage.

There are eight ways to terminate an easement: abandonment, merger, end of necessity, demolition, recording act, condemnation, adverse possession, and release.

How to Get Rid of Real Estate EasementsQuiet the Title.Allow the Purpose for the Easement to Expire.Abandon the Easement.Stop Using a Prescriptive Easement.Destroy the Reason for the Easement.Merge the Dominant and Servient Properties.Execute a Release Agreement.08-May-2019

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Terminating Termination Easement Form