Business, Legal & Accounting Glossary
n. in real estate law, the property retained when the owner splits off and conveys part of the property to another party but retains some rights such as an easement for access (a driveway) or utilities. The property sold off upon which there is the easement is called the servient estate. These are also called dominant tenement and servient tenement, respectively.
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This glossary post was last updated: 27th April, 2020 | 0 Views.