When it comes to easements, there’s a lot to know. In this article, we are going to talk about one of the most important elements of an easement: termination.
Easement Termination
In Minnesota, easements are generally considered perpetual unless terminated. An easement may be terminated by abandonment. As title insurers, we are not in a position to make that determination. We would require a court order determining abandonment. Another method of terminating an easement is by conveyance. An easement may be terminated by having the owners of the benefitted parcel convey the easement back to the owner of the land burdened by the easement.
Contact a Commercial Title Company
Easements can be complicated. It’s important to work with a skilled commercial title insurance company to ensure the success of your commercial transaction. The experts at Commercial Partners Title Company have a combined 200 years of experience facilitating commercial title transactions in Minnesota and across the United States. Reach out today to set up a time to chat about your next commercial transaction.