Utility Easement Template With Calculator

State:
Multi-State
Control #:
US-EAS-28
Format:
Word; 
Rich Text
Instant download

Description

This is a sample form for use in transactions involving easements, a Utility Easement. Allows a permanent utility easement and right of way for water facilities.

An easement gives one party the right to go onto another party's property. That property may be owned by a private person, a business entity, or a group of owners. Utilities often get easements that allow them to run pipes or phone lines beneath private property. Easements may be obtained for access to another property, called "access and egress", use of spring water, entry to make repairs on a fence or slide area, drive cattle across and other uses. The easement is a real property interest, but separate from the legal title of the owner of the underlying land.

A utility easement template with calculator is a valuable tool that aids in the creation and understanding of utility easements. A utility easement is a legal agreement that grants someone the right to use and access a specific portion of land for the purpose of installing, operating, and maintaining utility lines or infrastructure. This template simplifies the process of drafting a utility easement by providing a pre-designed format that can be customized to suit the specific requirements of a given situation. Including a calculator within the template allows for precise calculations of dimensions, distances, and any financial considerations related to the easement. Different types of utility easement templates with calculators may exist to cater to various scenarios and requirements: 1. Basic Utility Easement Template: This template serves as a foundation for creating a simple utility easement agreement. It includes standard clauses pertaining to the purpose of the easement, rights and responsibilities of both parties, and any restrictions or limitations. 2. Residential Utility Easement Template: Specifically created for residential properties, this template considers the unique needs of homeowners. It addresses issues such as the installation and maintenance of utility lines for utilities like water, gas, electricity, or telecommunications. 3. Commercial/Industrial Utility Easement Template: Geared towards commercial or industrial properties, this template focuses on utility easements that cater to businesses or large-scale operations. It might cover more complex matters involving extensive utility networks, encroachments, or multiple parties. 4. Renewable Energy Utility Easement Template: As the renewable energy industry expands, this specialized template encompasses easements relating to solar farms, wind turbines, or geothermal facilities. It accommodates specific calculations such as setback requirements, power transmission, or access routes. 5. Public Utility Easement Template: Designed for granting utility companies or local authorities the right to install and maintain public utility infrastructure, such as water mains, sewer lines, or street lighting. It addresses issues related to public safety, maintenance responsibilities, and financial considerations. 6. Agricultural Utility Easement Template: Targeting rural or agricultural properties, this template focuses on utility easements related to irrigation systems, water rights, agricultural drainage, or livestock facilities. It may involve assessments of water flow, pumping capacity, or land usage restrictions. In summary, a utility easement template with calculator simplifies the drafting process and provides accurate calculations for various types of utility easements. Whether for residential, commercial, renewable energy, public utilities, agricultural, or other specific scenarios, these templates make it easier to create legally sound agreements that protect all parties involved.

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FAQ

Grants or sales of limited easements are usually not treated as taxable sales of property. Instead, amounts received from such transfers are subtracted from the basis of the property. Any amounts received in excess of basis are treated as taxable gain.

Utility easements include the right to maintain or work on the utility. Provided they're working only in the easement area, a utility company does not need permission to work on your property ? including digging in your yard.

Conservation easements facilitate other conservation tools Federal law allows an annual exclusion from the gift tax. In 2022 the exclusion amount is $16,000 per donor per donee. By reducing the value of land, a conservation easement allows more land to pass, tax free, to the next generation.

Execution: The Easement must be executed on behalf of both the Grantor and the Grantee, and all signatures must be acknowledged by a Notary Public. Recording: The Easement must be recorded in the Office of the County Recorder of the county in which the Land is located.

An easement is a grant of one or more property rights by a property owner to and/or for the use by the public, a corporation, entity or persons. You cannot build anything on an easement that would infringe on the easement holder's limited use as conveyed by the grant of easement.

More info

This guide has been developed to provide greater depth and direction when preparing Right of. Way and Utility Cost Estimates.The following is an illustration of this example. Dedicated Public Right-of-Way Easements. Guideline to Valuing Permanent Easements. In the State of Oregon; "where a part only of a larger tract of land is taken for a public road. All right, title and interest in and to the Temporary Construction Easement and Utility Easement under this. Dedicated Public Right-of-Way Easements. 38 North, Range 2 East (Complete Legal Descriptions for the. A complete easement document shall contain two exhibits as follows: Exhibit A - shows legal description of dedication area.

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