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Typically, reciprocal easement agreements ("REAs") are used when a property is owned by more than one person or entity, and the persons or entities wish to develop the property as an integrated shopping center.
Retail Perspectives. Typically, reciprocal easement agreements ("REAs") are used when a property is owned by more than one person or entity, and the persons or entities wish to develop the property as an integrated shopping center.
A reciprocal easement arises when adjoining landowners impose corresponding restrictions or rights on each of their properties. An example of a reciprocal easement is a condominium building with a common driveway.
Reciprocal Access means how the resources of all full member libraries of a library system are made available to all library patrons in the system area.
Contracts & Legal A Request for Equitable Adjustment (REA) is an official request from a contractor to a contracting officer asking for an equitable change to the contract price based on a change to the contract requirements.