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Updated over 1 year ago on . Most recent reply

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71
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19
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Nikolas Engel
  • Investor
  • Pacific Northwest
19
Votes |
71
Posts

Neighbor requests modification to existing easement for electric upgrades

Nikolas Engel
  • Investor
  • Pacific Northwest
Posted

Dear all,

A neighboring mixed-use development is requesting to modify an existing easement we have with the electric supplier in our area. The aim is to enable the electric supplier to make modifications to the electrical circuit that runs underground through our property. The neighboring project would be connected to that circuit.  

I have no experience in this matter and ask for help to be not taken advantage off. 

Is this a normal everyday business requests? Is it the industry standard to usually grant those requests for free? Or do they usually come with a financial compensation for the burden involved?

Than you for helping me understand this request. The property is located in Oregon.

Most Popular Reply

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1,413
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711
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Jay Thomas
  • Real Estate Agent
711
Votes |
1,413
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Jay Thomas
  • Real Estate Agent
Replied

Neighbor requests to modify existing easements are not uncommon, especially in mixed-use developments. In this case, the request is to modify the easement for underground electrical circuit modifications. Deciding whether to grant it depends on factors like the nature and impact of the modifications, your relationship with the neighbor, and potential benefits or drawbacks. Consult a real estate attorney for legal guidance. Compensation depends on various factors, such as how the modifications affect your property. Remember, you can refuse, negotiate terms, and ensure all agreements are in writing. When in doubt, seek legal advice.

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