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EASEMENT BY PRESCRIPTION

Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.

However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.



Definition

An easement gives any individual, entity, or party, to make use of the property or land that is owned by any other individual for any specific reason. Hence, the easement by prescription term indicates how a right/title has been acquired by a property owner in a legally-mandated manner or system. There is no possession/ownership transfer that happens in such cases. Other parties may use properties and lands without needing any legal ownership.

Use of Easement By Prescription in Real Estate

These property rights and titles may be acquired through several methods. However, the easement by prescription is only possible whenever any party openly makes use of land for many years without getting the permission of its owner. They revolve around long-term enjoyment/usage of the land/property in question. Sometimes, they may carry on their activities even when the landlord or owner is in disagreement with the same.

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