Pipeline Easement Agreement
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How to fill out Pipeline Easement Agreement?
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FAQ
THIRTEEN TIPS TO NEGOTIATING PIPELINE EASEMENTS:Limit the term of the easement.Be sure to limit the pipeline to one line and one line only.Insert language that restricts the easement to the company you lease to.Determine if there are to be any pipes above the ground.More items...
The pipeline company typically pays the landowner in price per foot or per acre for farm land of the property that the pipeline passes. The price is based on the length of the easement.
API recommends setbacks of 50 feet from petroleum and hazardous liquids lines for new homes, businesses, and places of public assembly (API 2003). It also recommends 25 feet for garden sheds, septic tanks, and water wells and 10 feet for mailboxes and yard lights.
Pipelines can reduce property values by 5 to 40 percent by making them less attractive to potential buyers, according to local Realtors.