A Prescriptive Easement, Once Created, Lasts Only 20 Years

question 29

True/False

A prescriptive easement, once created, lasts only 20 years.

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Definitions:

Rate of Return

Indicates the percentage of profit or loss on an investment over a specific time period, expressing the gain or loss in comparison to the investment's cost.

Initial Investment

The amount of money used to start a project, purchase an asset, or invest in a financial instrument.

Rate of Return

The capital gain or loss realized on an investment over an allocated period, defined as a percentage of the investment’s preliminary cost.

Per Month

A time frame reference indicating occurrences or measurements within a calendar month.