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Post Info TOPIC: Easement compensation
DennVafla


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Easement compensation
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We were approached by a developer who owns the land on one side of us. For geographic reasons, they are asking to put an underground electrical wire on the tail end of our property. Of course, this means getting a utility easement. The location of it wouldn't be a bother, but have any of you dealt with getting an easement done, and how do you determine fair compensation? In talking to real estate attorneys, they seem to just do contract review, but not compensation. I would love to hear others' experience.
 
 

 



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SaymonSax


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Easement compensation, it can vary quite a bit depending on the situation. Generally, compensation is based on the impact the easement has on your property value. Factors like the size of the easement, its location, and the type of easement all play a role.
If you feel like you're not being offered fair compensation, it might be a good idea to get a professional appraisal to determine the true value of the easement. This can help visit site you negotiate for a better offer.
It's also worth noting that compensation for easements can be a complex issue, so it might be helpful to consult with a legal expert who specializes in property law.



-- Edited by SaymonSax on Friday 24th of May 2024 10:46:30 AM

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