HomeTermsCompareFinance Right Of WayThe definition for Right Of Way:A strip of land which is used as a roadbed, either for a street or railway. The land is set aside as an easement or in fee, either by agreement or condemnation. May also be used to describe the right itself to pass over the land of another. Similar MatchesFirst Refusal RightFirst Refusal RightA right, usually given by an owner to a lessee, which gives the lessee a first chance to buy the property if the owner decides to sell. The owner must have a legitimate offer which the lessee can match or refuse. It the lessee refuses, the property can then be sold to the offeror. Surface RightsSurface RightsThe rights (easements) to use the surface of land, including the right to drill or mine through the surface when subsurface rights are involved. Click to compare definitions of Right Of Way Click to view definitions beginning ri |