Easement Of Necessity

Business, Legal & Accounting Glossary

Definition: Easement Of Necessity

Full Definition of Easement Of Necessity

An Easement that is implied into the conveyance of a piece of land, without which the land conveyed would essentially be worthless. Easements of necessity frequently take the form of an easement of access — if I sell a piece of land that is surrounded on all sides by land that I still own, I can hardly expect the purchaser to buy a helicopter to get to his land.

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Easement Of Necessity. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/easement-of-necessity/ (accessed: September 27, 2021).
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Easement Of Necessity. PayrollHeaven.com. Retrieved September 27, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/easement-of-necessity/

Definition Sources

Definitions for Easement Of Necessity are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th April, 2020 | 3 Views.