Charlie owns a building. He enters into a contract with Atlaes Inc. that allows it to place a cell phone tower on top of his building. Which of the following interests in real property does Atlaes Inc. have?

Question

Quizplus · Accepted Answer

Atlaes Inc. has an easement by express agreement, which is a nonpossessory interest in real property that allows them to use a specific portion of Charlie's property (the top of his building) for a specific purpose (placing a cell phone tower). This does not give Atlaes Inc. ownership of the property or a leasehold estate. A conditional estate is a type of ownership interest, and a license only grants permission to use the property without creating an interest in real property.

Charlie Owns a Building