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Caldwell and Montclair Information:

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Real Estate Tips
Zoning Laws >Easements

Every property has some kind of easement--utility, water and sewer or driveway easements which give access to landlocked parcels. As a property owner, you may be affected by easements at some point.

The easement in gross is the most common type of easement used by public utilities. These easements are often under or above the ground, so they do not consist of actual land. If a utility gains the right to an easement in gross over your land, it must pay you for the diminishment in value of your property.

Easements by prescription become easements simply through unchallenged use by the landowner for a specified number of years (usually 10-20). To avoid such an occurrence, the landowner must periodically make a formal objection to "start the clock over".

The most familiar type of easement is easement appurtment that allows access to public roads and is used to create driveways and walkways for subdivided parcels. This type of easement should be treated by both landowners (and beneficiaries) as actual land parcels to be described and recorded meticulously.

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Real Estate Trivia
Q 
What areas are known as the 'silk stocking' districts of this famous city?

A 
In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room.
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Kathleen Milinkovich, REALTOR®, real estate agent and broker for Caldwell and Montclair, New Jersey home listings, property and land for sale - NUMBER1EXPERT

Kathleen Milinkovich
Coldwell Banker Residential Brokerage

484 Bloomfield Avenue
Caldwell, NJ 07006
973-618-2584
Fax: 973-226-0463
realestatenewjersey@NUMBER1EXPERT.com

Kathy Milinkovich, Sales Associate with the Caldwell Office of Coldwell Banker has been a real estate professional for 30 years. Based on gross commissions thru December 31, 2010, she is ranked # 47 and on total transactions, she is ranked # 41 in the state. She has been a perennial member of the NJAR Million Dollar Sales Club for the last 30 years.


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