Podcast 13: Easements and Encroachments Market Update (July 2021)

Body:

• What is an Easement

• What is an encroachment

• When do you typically encounter either and what do you have to watch out for

• Is the buyer protected through title insurance?

• The OREA standard APS talks about a minor easement, and having to accept title to a property notwithstanding a minor easement, what is a minor easement? can you give us an example

• What would be an example of a not so minor easement, that would give the buyer the ability to cancel the agreement

• Are easements and/or encroachments visible on a survey?

• What are some best practices for realtors to protect their clients when representing sellers? buyers?

• Title search date in the APS, how important is it to give the lawyers adequate time to review title to the property?