What is an Estate for Years?

What is an Estate for Years

Estate for years is a type of lease agreement that specifies an exact beginning and ending date for the tenant to occupy the property. Key Takeaways How Does Estate for Years Work? In real estate, a property being leased is called a leasehold estate. One type of leasehold estate is the “estate for years,” which means … Read more

What Is an Easement in Gross?

What Is an Easement in Gross?

If you purchase a freestanding single-family home, you’re usually purchasing the land it’s on, as well. This means that you own the property, and nobody other person can take it away without your consent. That’s at least the situation as long as there aren’t any easements to play. A easement provides another person with permission to utilize your property. Based … Read more