Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Land & New Construction
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

2,667
Posts
1,760
Votes
Deanna McCormick
  • Minneapolis, MN
1,760
Votes |
2,667
Posts

Easement Agreement for Right of Way, what should I offer $$ ??

Deanna McCormick
  • Minneapolis, MN
Posted

What would a fair amount be to offer our neighbor for a  right of way easement to cross over thier corner of the yard to reach ours. The reason it's a concern is our neighbor of 35 years is selling, the city did a street improvement 15 years ago and it affected both of our properties, we are rather land locked and the current neighbor hasn't objected if we needed to walk or drive our mower across this 10 foot corner to reach our property to take care of lawn maintenance.  We did receive a settlement from the city for lack of use and access to that portion of our property but we still need to maintain it, we can access it by a stairway but for larger items we have walked our mower, over the corner of the neighbors lot. 

So now with pending new neighbors I'm considering asking them if they would consider to give us a permanent right of way easement for access across their land. 

I know the easement would need to be prepared by an attorney, and also would have recording costs to both parties to add this to titles.

Just want to know if anyone has done something like this and what you think is reasonable compensation to offer them, I of course would pay attorney fees and recording fees for us both.