Arkansas Release For Surface Damages For Pipeline Right of Way / Easement

State:
Multi-State
Control #:
US-OG-118
Format:
Word; 
Rich Text
Instant download

Description

This is a general release for damages to lands occasioned by activities on the lands attributable to a pipeline or right of way which has been granted to the owner of the lands.

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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.

Pipelines can pollute air, water, soil and climate when they leak. Pipelines that cross rivers and streams are more vulnerable to breaks when heavy rain and floods occur.

Most normal agricultural activities are permitted on the pipeline right-of-way, but some activities still require written consent to ensure the safety of everyone involved, either due to the depth of the activity, or the weight of the equipment involved.

Having right-of-way means that utilities can access the area to fix a utility-related problem or to perform maintenance. Easements outline general property rights by others while right-of-way (as its name implies) is a specific property right.

What is a Pipeline Easement? Generally, an easement is a legal interest that allows someone the right to use another's property for a certain purpose. A pipeline easement specifically gives the easement holder the right to build and maintain a pipeline on a landowner's property.

The chances of a pipeline leak or explosion on your property is relatively small, but the consequences can be huge.

Natural gas pipelines do not affect the property value of any particular type of residence any more or less than another type of residence.

Pipeline stocks can be great income investments That gives them the funds to pay attractive dividends and invest in expanding their operations. Because of that, pipeline stocks tend to be great options for investors seeking to generate some passive income.

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Arkansas Release For Surface Damages For Pipeline Right of Way / Easement