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.
Mississippi Reciprocal Easement and Operation Agreement
State:
Mississippi
Control #:
MS-EAS-1
Format:
Word;
Rich Text
Instant download
Description
Agreement to cooperate with respect to the operation and maintenance of neighboring parcels and curb cuts, roadways, driveways, aisles, walkways and sidewalks to be erected. Intent to grant to each other certain reciprocal servitudes and easements for pedestrian and vehicular ingress and egress over the Common areas for access and for delivery and to grant certain rights to instate and maintain utility lines and site facilities within the Common Areas among other rights and agreements.
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How to fill out Mississippi Reciprocal Easement And Operation Agreement?
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FAQ
A mutual driveway easement is a reciprocal easement between property owners. Each property involved in a mutual easement is both a servient estate and dominate estate because each property owner has the right to use the property of the other.
An easement appurtenant is an easement that benefits one parcel of land, known as the dominant tenement, to the detriment of another parcel of land, known as the servient tenement.Similarly, if Landowner B sells his property to another landowner, that landowner will be able to use the easement. Easement in Gross.
An agreement between a shopping center developer or owner and usually major tenants regarding matters outside the formal lease. The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O.
Cross easements are reciprocal easements created by contract, the one being granted in favor of premises of one party in consideration of a grant by such party in favor of premises of the other party.
Typically, reciprocal easement agreements ("REAs") are used when a property is owned by more than one person or entity, and the persons or entities wish to develop the property as an integrated shopping center.These contractual obligations will run with the land of the property that comprises the shopping center.
There are four types of easement Section. 5 of Easement Act deals with the types of easement. It provides that the easements are either continuous or discontinuous ,apparent or non apparent. A continuous easement is one whose enjoyment is, or may be, continual without the act of man.
Typically, reciprocal easement agreements ("REAs") are used when a property is owned by more than one person or entity, and the persons or entities wish to develop the property as an integrated shopping center.
An agreement that: Provides for the rights and obligations of multiple owners of real property. Ensures harmony in the development, operations and maintenance of the affected real property.
