Post by
CrazyTrader on Mar 26, 2024 5:09pm
Corporation Crazy buys a property and gives Right-of-Way
to the neighbors to travel across the property. You can say the Corportation "guarantees" a right-of-way. Now the corportation sell the property to Pierre.
Pierre, who's responible to for honoring the right-of-way. You didn't write/give the guarantee of right-of-way.... Corporation Crazy did. You telling me you own the property now and not responsible for the right of way????
All just my opinion/view/thinking/trying to put it in a way you might understand.... but afraid I will fail to do so, given everything before.
Comment by
SONOFFERGUS on Mar 26, 2024 5:48pm
Pierre, of course, the easement runs with the property. That is not the analogue. Corporation Crazy (BPY) is sold to Corporation JFC (BN). Who's responsible for honouring the right-of-way?
Comment by
CrazyTrader on Mar 26, 2024 6:46pm
"bankruptcy, disolution, insolvancy or ANY REASON"...... can not void the easement. If Corporation Crazy disolves, Corporation JFC will be responsible for honouring the right-of-way. Easement (guarantee) continues. All just my opinion/view/thinking
Comment by
SONOFFERGUS on Mar 26, 2024 7:54pm
Just no. JFC is not a party to the agreement.