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A perpetual lease is one that contains a provision that allows a tenant to renew their lease at the end of every lease term. This means that if the terms are unfavorable for the landlord, they will continue to be as such, ing to the lease.
In perpetuity means forever. For example, someone may have the right to receive the profits from land in perpetuity. The term is also commonly used in the context of copyright. A perpetual copyright grants one the right to use the copyright indefinitely.
An easement is defined as the grant of a nonpossessory property interest that grants the easement holder permission to use another person's land.
The property subject to the easement is known as the ?burdened? or ?servient? parcel. The property that uses the easement is known as the ?benefited? or ?dominant? parcel. The California Civil Code lists eighteen explicit servitudes.
The notice is probably in the form of a pre-condemnation survey letter or an easement offer. Please remember that this offer is a perpetual easement, meaning they live on forever.
Legal Obligations: The easement owner has both the right and the obligation to maintain the easement in a safe condition to prevent injury to third parties using it. Implied Right of Entry: The easement owner has an implied right to enter the servient tenement for the purpose of performing necessary repairs.
An easement usually is written so that it lasts forever. This is known as a perpetual easement. Where state law allows, an easement may be written for a specified period of years; this is known as a term easement. Only gifts of perpetual easement, however, can qualify a donor for income- and estate-tax benefits.