This form states that seller desires to grant the right of entry prior to closing to purchaser to conduct inspections and evaluations of certain property. The form also states that the seller grants a temporary license and right of entry to the purchaser for the purpose of inspections, soil tests and other reasonable evaluations of the property.
An easement gives one party the right to go onto another party's property. That property may be owned by a private person, a business entity, or a group of owners. Utilities often get easements that allow them to run pipes or phone lines beneath private property. Easements may be obtained for access to another property, called "access and egress", use of spring water, entry to make repairs on a fence or slide area, drive cattle across and other uses. The easement is a real property interest, but separate from the legal title of the owner of the underlying land.
Kentucky Right of Entry and License Agreement
State:
Multi-State
Control #:
US-02532
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
A valid contract normally contains the following six basic elements. (i) Intention to create legal relations. ... (ii) Offer. ... (iii) Acceptance. ... (iv) Consideration (benefit given to the other party) ... (v) Capacity (the authority or ability to make contracts) ... (vi) Certainty.
Contract Law 101 A contract is an agreement between two parties that creates an obligation to perform (or not perform) a particular duty.
Every contract must constitute the entire agreement between the seller and the buyer, must be in writing, and must be signed by the member.
Elements of a Contract Offer - One of the parties made a promise to do or refrain from doing some specified action in the future. Consideration - Something of value was promised in exchange for the specified action or nonaction. ... Acceptance - The offer was accepted unambiguously.
Like contracts in all states, Kentucky contracts are based upon the idea that a contract involves an offer, an acceptance, and a payment, and that in order to enforce the terms of such agreement, certain punishments must be made available to those who have been wronged by a violated or breached contract.
