Easement-like interests

Question 1

Profit

Answer 1

A profit is a right to enter another’s land and remove a specific natural resource—e.g., oil, gas, or timber.

Profits operate like easements except that they cannot be created by necessity.

Question 2

Licenses

Answer 2

Licenses are revocable permissions to use another’s land—e.g., a ticket to a sporting event, or permission given to a plumber to come to one’s house.

Question 3

Licenses: scope of application

Answer 3

Licenses are revocable, whereas easements are not.

Licenses only bind licensors, whereas easements may bind successors.

Question 4

Profits: exclusivity

Answer 4

Although a profit can be either exclusive or non-exclusive, most are construed as non-exclusive.