Apply Online Go Home Knowledge Center
Mortgage Rates
Prime Mortgage Rate 2.00 %
Open Variable Mortgage Rate 1.89 %
1 Year Closed 2.20 %
2 Year Closed 2.50 %
3 Year Closed 2.60 %
4 Year Closed 4.10 %
5 Year Closed 3.50 %
Mortgage rates are to change without notice, please click bellow for more info.
Mortgage Services
  Residential Mortgages
  Commercial Mortgages
  Debt Consolidation
Refinancing
  Second Mortgages
  Lines of Credit
 
Real Estate Services
Residential: Buy and Sell
  Investment and Commercial
  Office Locator
  Leases and Rentals  
  Relocation and Moving Assistance
  International Property Search
  Property Management and Consulting
Knowledge Center
 
 
Knowledge Center
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Easement
A right enjoyed by one tenement over another tenement, for example, one land owner with a right over another land owner, usually granted for a special purpose rather than for the general use and occupation of the land. An easement is an interest that runs with the land.
 
Once granted, an easement attaches to the land and binds subsequent owners. An easement must have both a dominant tenement (land that benefits from the easement), and a servient tenement (land that serves or is subject to the easement). Separate ownership of the dominant and servient tenements must exist and the right must confer a benefit on the dominant tenement. The two tenements need not be adjoining.
 
Agreements relating to easements are usually registered against titles to both properties. However, such is not always the case, for example, when statutory easements are involved (see subsequent details). The title to an adjacent property may have to be searched before determining if a particular property benefits from a registered easement over another’s land. These agreements may be registered as instruments on their own and appear on the title under that particular name, or they may be registered by way of a caveat (a warning or notice on title), in some provincial jurisdictions.
 
Creation
Easements can be created by express grant, prescription, implication, or statute.
 
Express Grant: The easement can be created whenever an owner decides to grant a privilege, (a right-of-way or easement), in favour of the adjoining owner.
 
Prescription: An individual can obtain a right-of-way or easement by adverse possession, also known as by prescription or squatters’ rights , in certain circumstances if the usage of the right-of-way was open and continuous for a specified period of time.
 
Implication: Best described by using an example. Assume that a sale of land adjoining the seller’s land causes a parcel of land to be landlocked, the law implies that a purchaser would have an easement over the seller’s remaining land by way of necessity. Another example would involve mutual support. A shared docking area by two cottagers would naturally preclude the ability of one party to destroy his/her portion of the docking facility to the detriment of the other’s structure.
 
Statute: Easements created by statute involve groups such as public utilities and telephone companies who gain the right to string wires, install equipment, and maintain services by virtue of various provincial statutes. A statutory easement is created by the authority of the statute and does not require a dominant tenement.
 
Termination
Merge: An easement is extinguished if the ownership of both dominant and servient tenements merge.
 
Release: The person entitled to the benefit of an easement may release it to the servient tenement by removing the easement from the title.
 
Ceasing of Purpose: If the purpose of the easement disappears, so does the easement.
 
     
 
Form Object
 
     
  LuxuryBroker.ca  
 
Looking to Buy or Sell Luxury Real Estate In Toronto, North York, Thornhill, Woodbridge, Vaughan, Richmond Hill, Aurora, King City and beyond...visit LuxuryBroker.ca
 
Mortgages247.ca 2011 Apply Online without Blackouts
Mortgages247.ca is designed to provide competent and reliable information regarding the subject matter covered. However it is provided, free of charge, with the understanding that the authors are not engaged in rendering legal, financial or other professional advice. Law and practice often vary from province and province and if legal or other expert assistance is required, the services of a professional should be sought. The authors specifically disclaim any liability that is incurred from the use or application of the contents of this website.
Mortgages247.ca Call (647) 885-1236 or Click to Apply