Illinois Easement Forms - Illinois Property Easement

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Easment Forms FAQ Illinois Legal Easements

What is an easement?

An easement is a property interest, which entitles the owner of the easement to the privilege of a specific and limited use of the land of another. The easement is a real property interest, but separate from the legal title of the owner of the underlying land. The land which receives the benefit of the easement is called the "dominant" property or estate.

How is an easement created?

Easements should describe the extent of the use, as well as the easement location and boundaries. The location, maintenance, and uses of the easement are defined by the agreement, use, or instrument creating the easement. Easements can be created by a deed to be recorded just like any real property interest, by continuous and open use by the non-owner against the rights of the property owner for a statutory number of years, or to do equity (fairness), including giving access to a "land-locked" piece of property.

Tips for Preparing Illinois Easement Forms

  1. Find the correct form. Select the document sample that fits your state. US Legal Forms provides more than 85 thousand state-specific templates that you can download and complete. Additionally, the system offers you an informative information about type of real estate contract and agreement to help you select the proper sample.
  2. Point out parties and property. Begin entering the names of both parties. You don't need to repeat these names more in the document. It is enough to mention them once and replace them with the terms Buyer and Seller. Identify the address and legal description of the property in your Illinois Easement Forms.
  3. State the terms and deadlines. The cost doesn't appear out of the blue. Determine how much your property may be worth and choose just how much you would like to get for it. Also, go through the amount of earnest money and also the time frame when you want to receive the rest. It is essential to set down-to-earth deadlines in the sales agreement.
  4. Sign to enforce Illinois Easement Forms. You together with the other party have to sign the contract so it will be legitimate. Do it in person or use a legally-binding eSignature. But to close the sale overall, you have to look for other real estate forms. Prevent wasting time on seeking and select a ready-made bundle of documents with US Legal Forms.