You mean if you were to sell it and move?

Yes you can and you can also offer it as two tax lots under one sale.

What this means is that sometimes people want the full 1/4 acre. If they want this then they may buy two adjoining 1/8 acre lots and have the rejoined (not easy but it happens) to form one tax lot.

Since after the division into two lots is done they are two seperate pieces of property and the easement holds regardless of who owns it unless they petition for a repeal of the easement. While the easement exists on the property there are building restrictions to the strip of land that it applies to.

Example...you have an easement that allows for a drive to be built accessing the house behind yours. In this case you could not build in such a way that it hinders the existing or a future drive through your property....it must remain useable by the other property.

 

makes sense! thanks for the idea. im gonna read more into it

 

YEah its a good idea because you can make the most of your money that way easily.

What happens is that your single 1/4 acre may only be worth lets say 180,000 but the two 1/8 acre lots will go for 130k a piece (just example) so you make roughly 260k as opposed to the original possible 180k.

I have seen it work several times and 90% of the time ends up being a win situation, but I would do more research on it because my info may be off a bit and I would hate for you to do this on my say so

 

Remeber certain ethnic groups like gardening trucks cars, Buick regals with flat tires sitting in the yard on LA wires. And keeping fighting cocks h:

 

Postage stamp :eek4:

 

:eh:

 

Just thinking about a 1/8th acre lot. Teeny. h:


1/4 is still a little :ugh:

 

not in los angeles.

 

Contrary to popular belief, lots in cities are not larger to those in other areas.

 

Duplex?

h: