Easements Defined Easements An easement is defined as a non-possessory right to use land which is possessed by another. [1] Easements can be granted when for instance, one party’s parcel of land is landlocked and in order to enter and exit the landlocked parcel, the landlocked owner must cross through another property. This type of […]
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Why You Need to Perform Your OWN Due Diligence! A due diligence case study from of John P. In 2022, John purchased a home from an acquisition company. His intent was to fix and flip. John failed to perform even the most basic elements of due diligence. So, here’s what happened! John found that the
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What is the value of assemblage in an appraisal? Assemblage and Plottage Plottage is defined as the “increase in value achieved by combining small, undeveloped tracts of land into larger tracts.” Many times, this term is used in conjunction with assemblage. Assemblage refers to the actual process of combining individual parcels. What is the value
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Adverse Possession Defined Claiming the right to enjoy real property when the enjoyment of that property is opposed to another person’s claim and is continuous, exclusive, hostile, open and notorious.” [1] To prevail in an adverse possession claim, the claimant must satisfy the following elements: Actual possession – The claimant must take actual possession of
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