Warning

Info

LSDefine

Simple English definitions for legal terms

floating easement

Read a random definition: indivision

A quick definition of floating easement:

A floating easement is when someone gives permission for someone else to use a part of their land, but they don't say exactly where that part is. This can happen when they're not sure where to put something like a water line. However, courts don't like floating easements because they can cause confusion. Eventually, the exact location of the easement will be decided, and the court will use how the land was used after the easement was granted to figure out where it is.

A more thorough explanation:

Floating easement is a type of easement where the exact location of the easement is not specified. It is granted by the owner of the property to another party for a specific purpose, but the location of the easement is not yet determined. This type of easement is usually granted when the owner is uncertain about where to place a water line or other utility line.

Courts are cautious about floating easements because the lack of specific details can lead to misunderstandings between the parties involved. However, floating easements are expected to be eventually pinned down to a specific area, and the use of a particular piece of land after granting a floating easement will be considered as the resolved location in future litigation.

John owns a large piece of land that is adjacent to a river. He grants a floating easement to the local government to build a bike path along the river. However, the exact location of the bike path is not specified in the easement. Later, the government decides to build the bike path on the other side of the river, which is not part of John's property. In this case, the floating easement is not applicable because the bike path is not on John's property.

Another example is when a property owner grants a floating easement to a utility company to install a water line. The exact location of the water line is not specified in the easement, but the utility company is expected to determine the best location for the water line. Once the location is determined, the floating easement becomes a fixed easement, and the utility company can use that specific area for the water line.

These examples illustrate how floating easements work and how they can be resolved to a specific location. It is important to note that floating easements can be tricky and may lead to disputes between the parties involved. Therefore, it is essential to have a clear understanding of the terms and conditions of the easement before granting or accepting it.

flipping | floating lien

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
18:46
do u have a dream school?
18:46
well i saw one is at fordham and one is at upenn and ik fordham isnt t14 but its better than temple and villanova
18:47
dream is duke
18:47
ooh interesting choice why Duke?
18:48
i got into fordham and so did the dumbass I was dating for like two months it’s not that hard
18:48
by which I mean if they let him in I don’t trust their standards
18:49
my dad went to duke law so i have been a fan forever
18:49
Duke is fun. I took a trip there when I was 19 or so. Really good time when I was a young rapscallion.
18:49
and ik i just dont think i gave myself enough time for a guaranteed 170+ performance
18:49
I didnt see if anyone answered my UGA question. Did anyone answer it?
18:53
@Dkkm11: are you not still a young rapscallion?
19:00
Nah, I am gray-bearded wizard.
19:02
Hmmm. I guess that’s okay.
19:03
Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
19:06
Does your life come in 5 year epochs typically?
19:06
Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
1a2b3c4d26z
19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
LSD+ is ad-free, with DMs, discounts, case briefs & more.