The full explanation
Another is an agreement between neighbors to share a driveway. Easements can show up as exceptions in a title insurance policy. Fannie Mae accepts certain common easements under conditions, such as not running under the house or interfering with the use of the property.
An example
In the paperwork for the home he wants to buy, Javier sees an easement at the back of the lot for power lines. Before signing, he asks what he can build on that part of the land.
You will see it in…
- The title insurance policy and its list of exceptions
- The property's title documents
- Agreements between neighbors to share a driveway