Gate Valve Easement (for Pipeline)
What this document covers
The Gate Valve Easement for Pipeline is a legal document that grants a specific party the right to construct, maintain, and operate a gate valve and related equipment on another person's property. This form is essential for establishing easement rights associated with pipelines, distinguishing itself from other easement forms by its focus on gate valves and their operational needs.
Key parts of this document
- Details of the parties involved: Grantor (property owner) and Grantee (entity obtaining the easement).
- Consideration amount: The financial compensation for granting the easement.
- Description of the property: Specific identification of the land where the easement applies.
- Granted rights: Permissions for construction, inspection, maintenance, and operational activities related to the gate valve.
- Inheritance of terms: Binding effect on heirs and assigns of both parties.
- Date of acknowledgment: Specifies when the easement takes effect.
When to use this form
This form is applicable when a property owner (Grantor) allows another party (Grantee) to install and operate a gate valve related to pipeline infrastructure on their land. Scenarios include pipeline construction projects, maintenance of existing pipelines, and when an easement is required for regulatory compliance in energy and utility sectors.
Intended users of this form
- Property owners who need to grant easement rights to utility companies.
- Pipeline operators looking to establish legal rights for installation and maintenance on private land.
- Land developers needing to create access for pipeline infrastructure as part of a larger development project.
Completing this form step by step
- Identify the parties involved: Clearly state the names of the Grantor and Grantee.
- Specify the consideration amount: Enter the monetary compensation being exchanged for the easement.
- Describe the property: Provide a detailed description of the land where the easement will apply.
- Outline the granted rights: Detail the specific rights being given to the Grantee concerning the gate valve.
- Enter the date of acknowledgment: Fill in the date when the agreement is acknowledged by both parties.
Does this document require notarization?
This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to provide an accurate description of the property.
- Not specifying the monetary consideration amount.
- Omitting signatures or not dating the acknowledgment section.
- Neglecting to check for local regulations regarding easements.
Advantages of online completion
- Convenient access to legal documents that can be downloaded at any time.
- Editable templates allow users to customize details specific to their situation.
- Reliable and professionally drafted forms ensure legal compliance.
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FAQ
A right-of-way is a strip of land typically about 50 feet wide (depending on location) containing a pipeline or other utility. Many rights-of-way contain more than one underground pipeline or utility and can be wider depending on the number of infrastructure assets within.
Pipelines can reduce property values by 5 to 40 percent by making them less attractive to potential buyers, according to local Realtors.
API recommends setbacks of 50 feet from petroleum and hazardous liquids lines for new homes, businesses, and places of public assembly (API 2003). It also recommends 25 feet for garden sheds, septic tanks, and water wells and 10 feet for mailboxes and yard lights.
A right-of-way is a strip of land typically about 50 feet wide (depending on location) containing a pipeline or other utility. Many rights-of-way contain more than one underground pipeline or utility and can be wider depending on the number of infrastructure assets within.
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.
If an easement is 50 rods long, that is almost an acre. In a recent case, a pipeline company paid some owners $180 per rod and others $767 per rod for the same project.
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.
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.
