A commercial site has access only through a private road that crosses neighboring property. This access is documented by a recorded easement. How does this affect the site's marketability?
Correct Answer
B) May affect marketability; analyze access terms and market evidence
Investigate the easement’s actual beneficiaries, scope, access adequacy, maintenance obligations and relevant market response. Recording documents a claimed legal right but does not by itself establish adequate practical access or buyer acceptance. A private road can have benefits or burdens; neither universal unmarketability nor zero effect is justified.
Why This Is the Correct Answer
Investigate the easement’s actual beneficiaries, scope, access adequacy, maintenance obligations and relevant market response. Recording documents a claimed legal right but does not by itself establish adequate practical access or buyer acceptance. A private road can have benefits or burdens; neither universal unmarketability nor zero effect is justified.
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