Whether it's called keyhole, funnel, portal or corridor-development, the concept is the same. When the purchase of real estate that is 'not' located on a lake or river, provides ongoing deeded use of a separate parcel that 'is' on the waterfront, people can be funneled through the waterfront parcel (or keyhole), using it as a corridor.
Such a real estate extends all normal privileges of ownership to the keyhole, including but not limited to use by those leasing the primary residence, visitors enjoying a short-term vacation rental* and owner-tenants. All have authority to utilize the waterfront lot. Keyhole rights follows the residential home deed; transferring authority to use the remote lot in perpetuity.
|Last Updated Date:||11-04-2018|