North Carolina Right of Way Easement and Underground Conductor Agreement

• Category: Real Estate - Easements and Rights of Way
• State: Multi-State
• Control #: US-EAS-29
• Format: Word; Rich Text

Description

This is a sample form for use in transactions involving easements, a Right of Way Easement and Underground Conductor Agreement. Provides for the right to enter land and place underground circuits or cables and pad mourn transformers. An easement gives one party the right to go onto another party's property. That property may be owned by a private person, a business entity, or a group of owners. Utilities often get easements that allow them to run pipes or phone lines beneath private property. Easements may be obtained for access to another property, called "access and egress", use of spring water, entry to make repairs on a fence or slide area, drive cattle across and other uses. The easement is a real property interest, but separate from the legal title of the owner of the underlying land. The North Carolina Right of Way Easement and Underground Conductor Agreement is a legally binding agreement entered into between a property owner and a utility company. This agreement grants the utility company the right to establish an underground conductor (typically used for electrical, telecommunications, or fiber optic purposes) within the property owner's right of way easement. In North Carolina, there are several types of Right of Way Easement and Underground Conductor Agreements. Some common variants include: 1. Utility Right of Way Easement Agreement: This agreement outlines the terms under which the utility company is granted the right to access and utilize a specified portion of the property owner's land for the installation, operation, and maintenance of an underground conductor. 2. Temporal Right of Way Easement Agreement: This type of agreement typically grants the utility company a temporary right to enter and utilize the property owner's land for a specific period, such as during the installation or repair of underground conduits or conductors. 3. Compensation Agreement: In certain cases, a property owner may negotiate a compensation agreement with the utility company, wherein they receive monetary compensation for granting access to their land for the installation or maintenance of an underground conductor within the right of way easement. 4. Maintenance and Liability Agreement: This agreement specifies the responsibilities and liabilities of both the property owner and the utility company with regard to maintaining and repairing the underground conductor and associated facilities within the right of way easement. Keywords: North Carolina, Right of Way Easement, Underground Conductor Agreement, utility company, property owner, electrical, telecommunications, fiber optic, installation, operation, maintenance, temporary, compensation, liability, facilities.

The North Carolina Right of Way Easement and Underground Conductor Agreement is a legally binding agreement entered into between a property owner and a utility company. This agreement grants the utility company the right to establish an underground conductor (typically used for electrical, telecommunications, or fiber optic purposes) within the property owner's right of way easement. In North Carolina, there are several types of Right of Way Easement and Underground Conductor Agreements. Some common variants include: 1. Utility Right of Way Easement Agreement: This agreement outlines the terms under which the utility company is granted the right to access and utilize a specified portion of the property owner's land for the installation, operation, and maintenance of an underground conductor. 2. Temporal Right of Way Easement Agreement: This type of agreement typically grants the utility company a temporary right to enter and utilize the property owner's land for a specific period, such as during the installation or repair of underground conduits or conductors. 3. Compensation Agreement: In certain cases, a property owner may negotiate a compensation agreement with the utility company, wherein they receive monetary compensation for granting access to their land for the installation or maintenance of an underground conductor within the right of way easement. 4. Maintenance and Liability Agreement: This agreement specifies the responsibilities and liabilities of both the property owner and the utility company with regard to maintaining and repairing the underground conductor and associated facilities within the right of way easement. Keywords: North Carolina, Right of Way Easement, Underground Conductor Agreement, utility company, property owner, electrical, telecommunications, fiber optic, installation, operation, maintenance, temporary, compensation, liability, facilities.