UNDERSTANDING EASEMENTSDecember 23, 2009
Easements usually transfer with the sale of the property, it’s called “running with the land”. Easements can determine how you can use the new property, which could also affect its resale value.
It is important to know where utility easements are. An underground power box or water storage container could impinge on plans to build new structures on the property. The utility company might want to install power lines or water mains through their easement on your land at some point. Even though they aren’t using it now, the owner of the easement could exercise their rights in the future.
For professional advice on all aspects of buying or selling real estate, please contact me at [email protected] or 305-960-2575, or come by the office at 355 Alhambra Circle, 9th Floor, in Coral Gables.