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From course:

Mortgage Terms

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Question:

An interest in land owned by another person, consisting of the right to use or control the land, or an area above or below it, for a specific limited purpose. E.g., an ingress and egress easement for the right to access the land through the land of another. The land benefitting from an easement is called the dominant estate, while the land burdened by an easement is called the servient estate. Unlike a lease or license, an easement may last forever, but it does not give the holder the right to possess, take from, improve upon, or sell the land.

Author: Memorable Ladybug



Answer:

Easement


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