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Easement

A legal document on certain property giving persons other than the owner the right of way, access and limited use or enjoyment of the land involved. (Example, power companies sometimes need a right of way for power lines.) Closing documents and/or land surveys will describe and show such easements. These easements must be acceptable to the mortgage company before the buyer can consummate a binding closing.

See also:
  • Earnest Money
  • Easement
  • Eminent Domain
  • Equal Credit Opportunity Act
  • Equity
  • Equity Loan
  • Escrow
  • Eviction
  • Exclusive Agency Listing
  • Extension

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