Shared Driveway Agreement Template

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An easement can stipulate that each owner owns part of the driveway, but has the right to use all the space to get to and from the garage, according to Nolo.com, a prominent legal site since 2011. In other cases, an owner owns the entire entrance and the easement gives the neighbor who shares the driveway the right to use part of it, for example. B parking on one side or access to the garage. A buyer may also find that a common entry is not a big compromise for another benefit, he added. “If I have a garage with seven cars, but a common entrance, I may not want the common entrance, but wow, I can have a garage for seven cars. Sometimes we take the good with the bad. Take, for example, a common entrance. This type of facility, where two or more people have a common entrance, but negotiate maintenance and use, can occur in the same way in cities and suburbs. If the parts are nice, a common entrance is just another peculiarity of your home. No one devours half of the other or blocks the neighbor`s access with bad parking lots. Everyone is a happy camper. However, if a common entrance to your neighborhood is the norm, no adaptation is necessary, as for the Victorian house sold by Kasprisin.

“I didn`t integrate the aisle into the pricing strategy at all,” he said. “If you want to live in this neighborhood or in this kind of house, it`s part of being there.” It turned out that the boundary of the land passed through the center of the driveway, giving the buyer the right to use half of it, just like the seller. With the help of a real estate lawyer, both parties have designed a maintenance contract that outlines maintenance, liability and access. (As of January 2020, 21 states require the presence of a real estate attorney upon closing, while other states only require a lawyer to prepare certain documents.) Kasprisin said he always reveals when a property has a common entrance and often has to explain to buyers what that means. “Sometimes it`s not a problem for the buyer, until you make it a problem by letting them know it could happen,” he said. “It doesn`t really bother a buyer until they find out what the responsibility is or what problems might arise.” The concerns that often arise during joint entries are as follows: some lenders will not give credit permits to potential buyers interested in real estate with a common entry without such a registered legal document, they added. However, there are neighbors who are trying to exercise more rights than they would have when they learn that they will have someone next door. Kasprisin encountered this situation when he sold an 1895 Victorian home in Joliet, Illinois.

The neighbor took the position he owned the driveway because he had lived longer on the street and told the buyer, “Just make sure your people don`t park in the driveway,” the agent says. However, if you`ve had a particularly strained relationship with your neighbors about aisle sharing, you may find that aisle sharing is the best option before the sale. Unfortunately, this politeness depends on how well you do with your neighbors. Some local residents chased each other into wanting to navigate a common alley. . . .

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