What is an easement in real estate?

An easement in real estate is defined as a legal right that allows an individual or entity to cross or use another party's land for a specific purpose. This right does not grant ownership of the land but rather provides permission to use the land under particular conditions. For example, a common type of easement is one that allows a utility company to install power lines across a property. The key aspect of an easement is that it enables the holder of the easement to access the land for the purpose granted while respecting the rights of the property owner.

The other options do not accurately describe what an easement is. A right to refuse access to a property is contrary to the concept of an easement, which inherently involves granting some level of access. A mandatory fee associated with property transfer pertains to transactions but does not define an easement. Similarly, a type of mortgage agreement involves lending and securing property finance and is unrelated to the concept of easement, which focuses on usage rights rather than financial arrangements.