An Indiana Amendment to Easement (Pipeline Easement/Long Form) refers to a legal document executed to modify or update an existing easement agreement related to the installation, operation, and maintenance of a pipeline in Indiana. This amendment ensures that any changes or additions to the original agreement are properly documented and legally binding. Keywords: Indiana, amendment, easement, pipeline, long form. There are different types of amendments to easements that can be made in Indiana, depending on the specific changes required. Here are a few common types of Indiana Amendment to Easement (Pipeline Easement/Long Form): 1. Scope Modification: This type of amendment allows for changes to the scope of the easement, such as expanding or reducing the area of land affected by the pipeline's right-of-way. It may involve adding or removing sections of land within the easement, based on the needs of the pipeline project. 2. Term Extension: An amendment of this nature allows for the extension of the original easement agreement. It may be necessary if the pipeline project requires additional time to complete its objectives or if a longer-term agreement is deemed beneficial to both parties involved. 3. Maintenance Responsibilities: This type of amendment addresses any modifications to the obligations and responsibilities of the pipeline company regarding the maintenance and repair of the pipeline and related infrastructure. It may clarify who is responsible for specific maintenance tasks or allocate the costs associated with ongoing upkeep. 4. Right-of-Way Width Modification: An amendment focusing on the right-of-way width allows for adjustments in the width of the land strip occupied by the pipeline. This can be crucial when circumstances change, and a narrower or wider area is required to accommodate the pipeline's safe operation. 5. Environmental Considerations: In some cases, an amendment may aim to incorporate new environmental regulations or compliance standards into the easement agreement. This ensures that the pipeline project adheres to updated environmental laws and mitigates any potential ecological impact. It is important to engage legal professionals specializing in easement law to draft and review an Indiana Amendment to Easement (Pipeline Easement/Long Form). They will ensure that all necessary clauses and provisions are included to protect the rights of both parties involved and comply with Indiana's legal requirements.
Indiana Amendment to Easement (Pipeline Easement/Long Form)
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Under Indiana law, easements may be created by grant, prescription, or implication. An easement by grant is the most common. Such easement arises by way of a deed or contract, and the scope of easement holder's rights are controlled by the governing terms of the instrument.
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. Some companies offer prices based on linear rod, not linear foot.
The companies that own most of the gas pipelines by length include: Gazprom, Russia ? 103,212km (64,133 miles) ? 11.2 percent. TC Energy, Canada ? 99,440km (61,789 miles) ? 10.8 percent. Kinder Morgan, US ? 82,075km (50,999 miles) ? 9 percent.
There is no measurable impact on the sales price of properties located along or in proximity to a natural gas pipeline versus properties which are not located along or in proximity to the same pipeline. Neither the size nor the age of a natural gas pipeline affects a property's sale price.
The chances of a pipeline leak or explosion on your property is relatively small, but the consequences can be huge. Knowing what to do, and what not to do, could save your life.
How pipeline companies make money. Pipeline companies typically get the bulk of their revenue from three sources: fixed-fee contracts, regulated tariffs, and margin-based activities.
Generally, the owner of any easement has a duty to maintain the easement. If the easement is owned by more than one person, or is attached parcels of land under different ownership, each owner must share in the cost of maintaining the easement pursuant to their agreement.