Property Access

Easement by Necessity
An easement by necessity is a type of easement that allows the owner of a landlocked property to access a public road or other essential resources through a neighbor's land.
Ingress and Egress
Ingress and egress refer to the right to enter (ingress) and exit (egress) a property. These terms are critical in real estate contracts as they ensure individuals have legal access to properties, facilitating movements in and out particularly for landlocked premises.
Landlocked
Landlocked refers to a condition where a property has no direct access to a public road, requiring access through an adjacent property.
Lockbox
A lockbox is a secure device placed near the door of a house for sale; it can be opened with a key or combination code given only to members of a Multiple Listing Service (MLS). The lockbox contains a key to the house, providing MLS members access to show the property to clients.

Real Estate Lexicon

With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!

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