Easement Agreement Template With Vesting

State:
Multi-State
Control #:
US-EAS-33
Format:
Word; 
Rich Text
Instant download

Description

The Easement Agreement Template with Vesting is a legal document designed to establish covenants and rights-of-way regarding the shared use of driveway and parking areas between two tracts of land. This agreement ensures that both Grantor and their successors on Tract A and Tract B can utilize these areas for vehicular access without obstruction. It requires shared maintenance responsibilities, ensuring that both parties keep the driveway and parking lot in proper condition. Users must provide written notice before conducting any repairs, and costs incurred can lead to a lien against the property of the non-consenting party. This template is particularly useful for real estate attorneys, partners in property development, and those involved in property management who need to set clear guidelines for shared property use. It serves as a preventive measure to avoid disputes between landowners. For legal assistants and paralegals, the template offers a structured format to facilitate efficient drafting and customization based on specific property details. Overall, it provides clarity and legal grounding for ongoing partnerships in shared property contexts.
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FAQ

They are intended to enhance property values by controlling development and creating uniformity. These covenants are attached to a property title and registered at BC Land Titles office. Restrictive covenants operate outside of and in addition to municipal zoning bylaws and city restrictions.

Vesting order in favour of purchaser the court may make a vesting order to give effect to the sale and vest title to the land in the purchaser.

They are intended to enhance property values by controlling development and creating uniformity. These covenants are attached to a property title and registered at BC Land Titles office. Restrictive covenants operate outside of and in addition to municipal zoning bylaws and city restrictions.

: an order of a court, an administrative agency, or public officer passing the legal title in lieu of a legal conveyance.

An Easement grants use of a part of property, but does not transfer interest. As such, the original property owner is still responsible for the taxes on the part of the property. Maintenance of the easement is usually the responsibility of the property owner.

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Easement Agreement Template With Vesting