Definition of Easement

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TeachMeFinance.com - explain Easement



Easement

The term 'Easement ' as it applies to the area of agriculture can be defined as ' A landowner sells or surrenders the right to develop a portion of the property, usually in return for a payment or some other benefit. Some local and state governments, and land trusts, have programs to acquire development easements from landowners to prevent conversion of farmland to other uses. Since the mid 1970s, conservation easements have been purchased to protect nearly 420,000 acres of farmland in 15 states, primarily in the Northeast'.

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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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