Question: Chapter 24 Assignment: Real Property Be the Attorney Assignment Chapter 24 deals with issues in Real Property law. After reading the chapter, please read the

Chapter 24 Assignment: Real Property Be the
Chapter 24 Assignment: Real Property Be the
Chapter 24 Assignment: Real Property Be the Attorney Assignment Chapter 24 deals with issues in Real Property law. After reading the chapter, please read the following prompt then draft an indemnity agreement for the following scenario: Billionaire real estate mogul Glenn Rhee owns two large parcels of land in Alexandria, VA: Greenacre and Blueacre. Greenacre is to the north and Blueacre is directly south Both parcels of land are surrounded by protected conservation land. A state highway runs perpendicular to the properties. Greenacre Owned by Walker Treatment Inc. Blueacre Owned by Grimes Highway - - - - - - Six years ago, Mr. Rhee decided to leave the real estate business and open a chain of pizza restaurants called "Maggie's Slice." Greenacre was quickly purchased by Walker Treatment Inc., which is a hazardous materials treatment center. For the past six years Walker Treatment Inc. has crossed over Blueacre in order to reach the highway that runs perpendicular to the land, Greenacre does not have its own access to the highway. Walker Treatment Inc. uses the highway to pick up hazardous waste from all over the county and processes it at its treatment center. Occasionally, customers will transport their hazardous waste to Walker Treatment and cross over Blueacre. Rick and Michonne Grimes have decided to purchase and develop Blueacre. They have plans to build a large shopping mall and high-end condos near the highway to attract commuters. They are also going to construct a large sound barrier wall to help improve the ascetics of the mall and condos. Walker Treatment Inc. has now come to the Grimes asking for an easement to transport hazardous materials over Blueacre in order to reach their facility on Greenacre. Rick and Michonne consult their attorney for answers: For this assignment you are the attorney. Please write thorough responses to the Grimes' questions below. How would you advise them on the following topics? 1) Can you please explain what an easement is in simple terms? 2) Do we have to grant an easement to Walker Treatment Inc.? If so, why? 3) Can we charge a fee for granting an easement? 4) Can the easement be terminated? If so how? 5) Are we in danger of losing our property through adverse possession? Why or why not? 6) As husband and wife, what are our rights in the property? 7) What if Walker Treatment possesses a nuisance with all their trucks, fumes etc. what protections will we have? 8) Are there any special protections against toxic waste? **Note there is no right answer. I am looking to see how you incorporate the concepts from the reading into your agreement

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!