Easement:
Is essentially the legal right for someone else to use the property for a specific purpose (Realtor.Com).
A scenario in which one party uses the property of another party, where a fee is paid to the owner of the property in return for the right of easement. Easements are often purchased by public utility companies for the right to erect telephone poles or run pipes either above or beneath private property. However, while fees are paid to the property owner, easements can negatively affect property values in that unsightly power lines, for example, can lower the visual appeal of a piece of land (Investopedia).
Read more: Easement Definition | Investopedia
Read More: http://www.realtor.com/advice/buy/what-is-an-easem...
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