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[quote]QUOTE: Originally posted by tormadel [quote]QUOTE: Originally posted by tormadel As I understand it in an easement you are buying the right to build and operate a railline through, or over if you will, someones property and you actually don't own a thing on it but you're railways gear (ballast, subballast, ties rails signaling equip etc.) But for an easement do you pay someone a one time fee for the right, or do you have to like pay rent on it? And years down the road when the origional owners grandchild is the one you're dealing with, can they be a pain in the***and try and throw you off? I have read alot about government (both US and Canada) land grants to build the early railroads. How many of these were actual gifts of property and how many just easements? Quit Claim deed sounds something like "Ok I give up here it's yours" Whereas Warrenty Deed sounds to be "Really I swear this land is mine to sell, you can spank me later if I'm lying" But, I do see how splitting up parcels of land would be more difficult then signing over the title to you're car. [/quote] This was the bunch of questions I was referring to, sorry about the confusion. I would always like to learn more, but at this moment I don't know what questions to ask. [/quote] You are generally on the right track, but these are legal matters where nuances count. My best suggestion for you, short of going back to law school (been there, done that) is to do a bit of reading in real estate law or attend some basic real estate investing classes. Pretty much everybody should have a basic knowledge of real estate even if only to keep from getting into trouble when buying or selling a home or business. LC
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