Author: Jim Peterson

In property valuation, two essential elements are market analysis and three approaches to value determination. Market analysis is pivotal since the value of real estate is determined by supply and demand dynamics….

Establishing a solid understanding of key notions in real estate appraisal is fundamental. Central to this is the idea of market value, which denotes the probable sum a willing buyer would give,…

The real estate assessment procedure can be segmented into various steps. Initially, an appraiser begins with a physical inspection of the property, both the interior and exterior. It’s crucial to assess the…

Easements in real estate refer to the legal rights accorded to a party or entity over another person’s property. They provide non-owners with access to or through the property for specific purposes….

Real estate easements present unique elements within property law, as they involve rights to utilise a section of land owned by another individual. They are integral components of property transactions, and as…

Easements, a term referring to the right for a person or entity to use a section of another’s land, significantly influence both the value of the property and once unquestionable rights of…

In “Section 2.1,” the distinction between appurtenant and gross easements is explored in detail. An appurtenant easement involves two separate parcels of land owned by two different people. One landowner benefits from…

Section 2.2 delves into the detailed survey of prescriptive easements, examining their essence, relevant legal aspects, and societal influences. Initially, one must understand what a prescriptive easement entails. Essentially, it is a…

The section explores notable examples of how conservation and utility easements have functioned in practice. It commences by analyzing cases where landowners have willingly relinquished their property rights to guarantee the conservation…