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Question:
Recently,
we looked at 120 acres in Montgomery County. The property
is at the end of a private road. The road goes through a neighbor's
land. When I asked the broker if the roadway was a recorded
easement, he said no, but that the road had been there for
several years; therefore, no one could keep us from using
it. Is he right?
Answer:
Don't count on it!! The broker assumes
that since this road has been used for several years, that
the owners of the 120 acres have a legal right to use it.
In theory the broker may be right, but you may have to go
to court to prove it!! Should the neighbor of this land decide
to lock the roadway, then the 120-acre landowner will have
to either negotiate a financial agreement with the neighbor
or seek resolution in a court of law. In either case, acquiring
a legal easement could be very expensive.
Another
point. Most title insurance companies will not insure the
right of access if there is no recorded easement. Furthermore,
lenders will not loan money on the property if there is no
recorded easement.
Tell
the broker that you want a contingency in your contract that
will require the seller to obtain an easement before you close.
Your attorney should either write the contingency and/or approve
the contract before you sign. Above all, the easement must
be in form acceptable to your attorney and the tile company
before you close the sale!
Have
A Question about buying or selling land?
Then email it to us: leonrmiller@mindspring.com
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