Real Estate Terms Dictionary
Easement in Gross
Definition of 'Easement in Gross'
According to Investopedia, an easement in gross is a type of easement where the right over property is attached to an individual rather than to the property.
What is an Easement in Gross:
Being attached to the individual, the easement in gross is usually a lifetime easement. It can be revoked, however, if the individual sells the property. In this case, the easement in gross
cannot be passed to the next property owner, which means that a new easement agreement needs to be made with the new owners of the property.
The glossary is intended to provide real estate professionals and home buyers with a basic understanding of various specialized terms related to legal rights over a property. All terms appear in public records such as ACRIS. We do not take responsibility for the legal accuracy of the definitions provided and ask that use of these explanations in a legal setting be made only after checking with a lawyer or another specialist in the field.