Wake North Carolina Assignment of Interests in Right of Way (Undivided Interest)

• Category: Oil Gas and Minerals - Easements and Rights of Way
• State: Multi-State
• County: Wake
• Control #: US-OG-1209
• Format: Word; Rich Text

Description

This form is an assignment of interest in rights of way for undivided interest. Wake North Carolina Assignment of Interests in Right of Way (Undivided Interest) refers to a legal agreement in which an individual or entity transfers their rights, title, or ownership over a specific portion of land, typically for the purpose of constructing and maintaining roads, pipelines, power lines, or other infrastructure projects. This type of assignment involves the transfer of an undivided interest, meaning that multiple parties may collectively own the land or property. In Wake County, North Carolina, there are various types of Assignment of Interests in Right of Way (Undivided Interest) agreements that may be used, depending on the specific project and circumstances. These may include: 1. Road Widening: When a road needs to be expanded to accommodate increased traffic volume or to improve transportation infrastructure, an assignment of interests in right of way is often required. In this case, the undivided interest may involve granting a portion of the land to the local or state government for road expansion purposes. 2. Utility Easements: Utility companies sometimes require assignment of interests in right of way to access private properties for installing and maintaining utility infrastructure, such as power lines, water pipes, or telecommunication cables. These agreements ensure that the utility company has the legal right to access the land needed for their operations. 3. Pipeline Installation: Pipeline companies may need to acquire undivided interests in right of way for constructing and operating pipelines. This could involve transferring ownership of a portion of the land to the pipeline company, allowing them to lay, maintain, and access the pipeline infrastructure. 4. Railways: In some cases, rail companies may require assignment of interests in right of way for the construction and operation of railway lines. Undivided interests are often granted to rail companies to allow them to possess, control, and utilize the land necessary for railway tracks, maintenance, and operations. The Wake North Carolina Assignment of Interests in Right of Way (Undivided Interest) enables the transfer of ownership and use rights between individuals, private entities, and government bodies, ensuring that necessary infrastructure projects can be implemented for the benefit of the community. These agreements help define the rights and responsibilities of all parties involved and provide legal protection for everyone affected by the project.

Wake North Carolina Assignment of Interests in Right of Way (Undivided Interest) refers to a legal agreement in which an individual or entity transfers their rights, title, or ownership over a specific portion of land, typically for the purpose of constructing and maintaining roads, pipelines, power lines, or other infrastructure projects. This type of assignment involves the transfer of an undivided interest, meaning that multiple parties may collectively own the land or property. In Wake County, North Carolina, there are various types of Assignment of Interests in Right of Way (Undivided Interest) agreements that may be used, depending on the specific project and circumstances. These may include: 1. Road Widening: When a road needs to be expanded to accommodate increased traffic volume or to improve transportation infrastructure, an assignment of interests in right of way is often required. In this case, the undivided interest may involve granting a portion of the land to the local or state government for road expansion purposes. 2. Utility Easements: Utility companies sometimes require assignment of interests in right of way to access private properties for installing and maintaining utility infrastructure, such as power lines, water pipes, or telecommunication cables. These agreements ensure that the utility company has the legal right to access the land needed for their operations. 3. Pipeline Installation: Pipeline companies may need to acquire undivided interests in right of way for constructing and operating pipelines. This could involve transferring ownership of a portion of the land to the pipeline company, allowing them to lay, maintain, and access the pipeline infrastructure. 4. Railways: In some cases, rail companies may require assignment of interests in right of way for the construction and operation of railway lines. Undivided interests are often granted to rail companies to allow them to possess, control, and utilize the land necessary for railway tracks, maintenance, and operations. The Wake North Carolina Assignment of Interests in Right of Way (Undivided Interest) enables the transfer of ownership and use rights between individuals, private entities, and government bodies, ensuring that necessary infrastructure projects can be implemented for the benefit of the community. These agreements help define the rights and responsibilities of all parties involved and provide legal protection for everyone affected by the project.