What type of interest allows someone to use another individual's property for a specific purpose?

An easement is a legal right that allows one party to use a portion of another party’s property for a specific purpose, such as accessing a road or utility lines. This interest in real estate does not grant ownership of the property but rather provides the holder with a limited right to use the property in ways that are defined by the easement agreement.

Easements can be created for various purposes, such as pedestrian access, drainage, or rights-of-way for shared driveways. They are typically documented and recorded, ensuring that all parties involved understand the limitations and the scope of use allowed. This concept is fundamental in real estate because it helps facilitate access and use of land while respecting the rights of property owners.

In contrast, a leasehold estate grants someone the right to use and occupy a property under specific conditions and for a specified duration, but this is more about tenancy rather than a right to use someone else's property. Equitable interest refers to a person's interest in an asset based on fairness or justice rather than formal ownership. A fee simple estate is the most complete form of property ownership, giving the owner full rights to use, lease, or sell the property without limitations. Each of these alternatives serves a different function in the realm of property rights