Which of the following is NOT a characteristic of an easement?

An easement is a legal right to use the land of another for a specific purpose and does not involve ownership of the property itself. The statement "Creates a tangible asset" is accurate in the context of property ownership; however, it does not apply to easements. An easement is considered an incorporeal right, meaning it does not give the holder the right to any physical possession of the land. Instead, it grants a non-possessory interest in someone else's property for a particular use, such as right-of-way or utility access.

The other characteristics highlighted in the options provide insight into the nature of easements. For instance, easements can indeed be created through conveyance, which involves a legal document transferring the right. The notion that easements are incorporeal rights emphasizes their intangible nature, distinguishing them from physical property. Furthermore, easements are protected from third-party interference, meaning that once established, they cannot be disrupted by others who do not have rights in the property. Understanding these attributes helps clarify the distinct legal nature of easements compared to other property interests.