An easement is a right in the land of another. The right is often described as the right to use the land of another for a special purpose. 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. An easement is a real property interest, but separate from the legal title of the owner of the underlying land. This form is a generic example that may be referred to when preparing such a form for your particular state.
Puerto Rico General Form of Easement Agreement
State:
Multi-State
Control #:
US-00982BG
Format:
Word;
Rich Text
115 downloads
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FAQ
Conservation easements are perpetual, undivided interests in property to protect natural, scenic, or open space values of real property.
A conservation easement allows landowners to hold and use their property but permanently remove development rights in exchange for tax benefits.
Adverse possession: Articles 786 and 788 reduced the period of time necessary to acquire personal and real property through adverse possession. The acquisition of personal property through adverse possession now requires at least 2 years of possession in good faith or at least 4 years of possession without good faith.
Puerto Rico passed a Conservation Easement Act in 2001. This Act encourages conservation easements through tax exemptions and provides for a uniform procedure of creating such easements. In addition, the Puerto Rico Forest Act provides for conservation easements aimed specifically at protecting forest lands.
Drawbacks Of Conservation Easements Most conservation easements are permanent and bind all future landowners (including heirs). Conservation easement holders and farmers may not always share a common vision. Conservation easements can reduce the property's overall value, making the land worth less for future sales.