In this video, the speakers discuss the issue of private access to properties, which often arises in real estate transactions. This can be complicated when parcels are split between multiple family members, and there is no documentation in the chain of title to determine who owns what, who pays for what, and who is responsible for maintaining the private road or driveway. Lenders may require a road maintenance agreement, which can be a challenge to obtain if multiple parties are involved. The speakers emphasize the importance of having these conversations early and getting ahead of the issue, as it can take weeks to resolve.
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Types of real estate easements
This video discusses easements and the issues that can arise when dealing with them in real estate transactions. Easements are legal documents that give someone the right to cross a property to access their own property.
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