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In Law What is a Way Leave?
Answer
In the field of law, a way leave is a contractual license for which an annual payment is made in advance to the owner and/or occupier to cover the financial impact of having equipment on their land. Way leaves are usually used to cover equipment that is to be placed on land you do not own and the equipment is considered to be of relatively low value. The way-leave gives the other organisations the opportunity to advise us on the services such as water pipes, telephone cables, are in the land to avoid damaging them.
1 Additional Answer
The legal definition of wayleave is a right granted to a land owner over a strip of another land owner's land for a period of time. It is granted in connection to poles, pipes and cables or any apparatus used in connection with such a pipe or cable. To get this wayleave, one is charged with a certain amount, and rent received as wayleave is taxable.
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