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New Hampshire Easement to Gas Company for Maintaining Propane Storage...

Nh Gas Company

Name: New Hampshire Easement to Gas Company for Maintaining Propane Storage Equipment
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Price: 59.00 USD
Rating: 4.75 (356 reviews)

Category:

New Hampshire Court Samples - Real Estate - Easements and Rights of Way

State:

New Hampshire

Control #:

NH-BH-072

Format:

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Easement to Gas Company for Maintaining Propane Storage Equipment

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FAQ

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.

Pipelines can reduce property values by 5 to 40 percent by making them less attractive to potential buyers, according to local Realtors.

How much money should landowners get when an oil or gas pipeline crosses their land? As it stands, landowners receive a one-time payment roughly based on the length of the pipeline, with rates varying from $5 to $50 per foot or more for a Marcellus or Utica shale pipeline right-of-way agreement.

You are willing to either share in or bear the cost of land maintenance and are now ready to negotiate. Reducing the impact the easement has on the neighbor will help convince him to say yes. Include in the negotiations elements that include his continued use and rights to share that parcel of land with you.

Underground Propane Piping - Yard Line. The gas line that runs between the tank and the structure housing the gas appliances is the service piping, also known as the yard line. The propane yard line generally consists of copper tubing or plastic polyethylene piping.

Easements are treated as a recovery of the basis of the property first, with any excess proceeds treated as capital gain, which is taxed at a lower rate than ordinary income. The basis of property that offsets an easement is limited to the basis of the affected acres or square footage.

Excavating Around PipelinesPipelines that carry oil, gas and refined products are a special situation. For provincially regulated pipelines, the area within 30 metres is considered a controlled area, while the same right of way for a federally regulated pipeline is considered a safety zone.

Then, there is no problem of putting fences and its posts on top of Gas Line as long as 2 ft. deep-dig for fence-posts.

Although the gas company is more than likely correct, if you have doubts, you can have the pipeline accuarately located and when placing the fence posts, be sure to not place one directly over the pipeline.

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