What is an easement?

An easement is specifically defined as a right enjoyed by one landowner over the land of another. This legal concept allows the holder of the easement to use a portion of another person's property for a specific purpose, such as for access to a road or utility installations. Easements are commonly used in real estate to ensure that property owners can access resources or navigate through adjacent properties without fully owning the land they are using.

This correct definition highlights the nature of easements as rights that pertain to use rather than ownership. Easements can be permanent or temporary and can affect the property’s value and usage. They are typically formalized in writing and are recorded in public land records to ensure that any future owners of the property are aware of the easement.

In contrast, the other options refer to different concepts in real estate. The idea of property ownership relates to titles and deeds. Legal agreements between neighbors can involve various items, including easements but are not limited to just easements; they can cover disputes or agreements unrelated to land use. Property appraisal, on the other hand, involves assessing a property's market value and has no direct connection to the concept of easements.