Easement
A right which a person has to use land belonging to another in a particular manner without the right of possession of the land, or to take any part of the soil or its produce, or to prevent a landowner from using their land in a particular way. A common form of easement is the right of access over another’s property such as the right to run pipes or cables under their land, or to use a driveway or path.

Equity
The money you yourself have in your property or business (it’s what you’d end up with if you sold your home or business and repaid any loans you owe).