When it comes to land use agreements, there are a lot of different options out there. Two of the most common types are easements and leases. But what's the difference between the two? Both easements and leases can be either temporary or permanent. And both types of agreements can be either written or oral.
What is Easement?
An easement is a legal agreement that gives someone the right to use your property for a specific purpose. For example, you might grant an easement to your neighbor that allows them to use your driveway to access their property.
What is Lease?
A lease, on the other hand, is a contract that gives someone the right to use your property for a specific period of time. For example, you might lease your land to a farmer for the purpose of growing crops.
Distinction Between Easement and Lease -