This form is used when Grantor grants, conveys, and sells to Grantee, its successors and assigns, an easement and right of way, and the right to lay, construct, operate, maintain, inspect, repair, replace, change the size of and remove pipelines, with all fittings, tie-overs, cathodic protection equipment, and all underground equipment and appurtenances as may be necessary or incidental to operations, for the transportation of natural gas, oil, petroleum products, water, and any other substances which can be transported through a pipeline, on, over, and through the tract of land described within.
Hawaii Pipeline Easement With No Specific Course Identified
State:
Multi-State
Control #:
US-OG-329
Format:
Word;
Rich Text
Instant download
Description
How to fill out Pipeline Easement With No Specific Course Identified?
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FAQ
Neither the size nor the age of a natural gas pipeline affects a property's sale price. There is no impact on demand for properties located along natural gas pipeline easements nor is development in areas with natural gas pipelines hindered.
Pipeline Marker-This marker is the most common. It contains operator information, type of product, and an emergency contact number. Size, shape and color may vary. Aerial Marker - These skyward facing markers are used by patrol planes that monitor pipeline routes.
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.
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 message should state at least the following: ?WARNING,? ?Caution? or ?Danger? followed by the words ?PETROLEUM [or the name of the liquid petroleum transported] PIPELINE.? The lettering should be at least 1 in. high with an approximate stroke of 1/4 in.
Markers warn that a transmission pipeline is located in the area, identify the product transported in the line, and provide the name of the pipeline operator and a telephone number to call in the event of an emergency. Pipeline markers indicate only the presence of a pipeline.
The markers are typically located in a ?line of sight? manner within the rights- of-way, along streets and at road and railroad crossings. The markers provide helpful information about what each pipeline transports, who operates the pipeline, and how to contact the pipeline company.
