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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 appraisal gives you useful information about the property. It describes what makes it valuable and may show how it compares to other properties in the neighborhood. An appraisal is an independent assessment of the value of the property.
Double-ditch method. Under this excavation method, topsoil is placed to one side of the pipeline excavation, and the undersoil is placed to the other side. This allows for easier and better reclamation of the right-of-way.
An appraisal is simply an estimate or an opinion of a property's current market worth, considering what the market is responding to and other factors. This is usually offered as a free service by real estate agencies. Valuation is a written report prepared on the property and a fee is charged for this service.
If you own the land fronting the street, you cannot block access to those who must cross your property to access the street. They have a legal right to do so. A prescriptive easement is one that is recognized by the mere fact of its existence and its continued use.
The proper valuation methodology for easements is the ?before and after? rule. A variation of this rule is the ?take plus damages? rule. Generally, case law and appraisal literature support this methodology.
Recorded easements may be shown on recorded maps, deeds, and occasionally on other recorded documents.
Three main appraisal principles constitute the foundation of valuation theory. Each of these principles is as important to valuation as the law of supply and demand is to economics. These very important principles are the principle of alternatives, the principle of substitution, and the principle of future benefits.