What is the name of your state (only U.S. law)?
North Carolina
My neighbor lives on the far side of my property and wants to use a corner of my property as a ROW. She is using it temporarily, with my permission, but she now wants to buy it from me. She told me her electric runs under my property so I could not fence it off because the electric company couldn't access it if I did. I spoke to the electric company and they said they would be fine with a fence and they would provide me with a lock and key and that they would keep a key for themselves. They said there was no recorded easement where their equipment was installed. The electric company representative kept telling me that sometimes people tell them that they own the property where the lines will run, even when they don't. He said this 3 times. I didn't think anything of it until later in the day when I thought, "Maybe he was giving me a hint that the neighbor might have told him it was her property." Anyway, the easement isn't legal, as far as I know. I know it's not on my deed and not recorded at the town hall, because I looked and the electric company said they have no written documents for it, either. I suppose I could have them move it, but I don't want to burden them, although it becomes a legal easement, from what he told me, after 20 years.
With all this info, perhaps none of it pertinent, how do I determine the value of the property if I want to convey a legal easement to the electric company? AND/OR, how do I determine the value if I decide to sell the neighbor the property? It is a pain in the a_ _ to have to go through all this nonsense when I would rather leave things status quo.
North Carolina
My neighbor lives on the far side of my property and wants to use a corner of my property as a ROW. She is using it temporarily, with my permission, but she now wants to buy it from me. She told me her electric runs under my property so I could not fence it off because the electric company couldn't access it if I did. I spoke to the electric company and they said they would be fine with a fence and they would provide me with a lock and key and that they would keep a key for themselves. They said there was no recorded easement where their equipment was installed. The electric company representative kept telling me that sometimes people tell them that they own the property where the lines will run, even when they don't. He said this 3 times. I didn't think anything of it until later in the day when I thought, "Maybe he was giving me a hint that the neighbor might have told him it was her property." Anyway, the easement isn't legal, as far as I know. I know it's not on my deed and not recorded at the town hall, because I looked and the electric company said they have no written documents for it, either. I suppose I could have them move it, but I don't want to burden them, although it becomes a legal easement, from what he told me, after 20 years.
With all this info, perhaps none of it pertinent, how do I determine the value of the property if I want to convey a legal easement to the electric company? AND/OR, how do I determine the value if I decide to sell the neighbor the property? It is a pain in the a_ _ to have to go through all this nonsense when I would rather leave things status quo.