Property Ownership
A Colorado commercial property owner wants to grant a neighboring business owner the right to use their parking lot. This arrangement should be formalized through:
AA verbal agreement witnessed by two people
BA recorded easement or license agreement✓ Correct
CA letter sent by certified mail
DFiling with the Colorado Real Estate Commission
Explanation
A recorded easement or written license agreement protects both parties' interests. A recorded easement provides permanent, transferable rights, while a license is typically revocable. Recording in the county records provides notice to future owners.
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