Shared Drive Maintenance Agreement

A common aisle can be a single space as wide as a driveway of a car (about 9 to 12 feet, although some may be smaller) or a two-car driveway (about 20 to 24 feet). You can also take the form of a “Y”, a fish bone or a flag on a bar. The benefits of such an agreement may not immediately come to mind, but there are benefits to a common driveway: Kasprisin said he always gives open 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 solution to potential access problems should begin before the offer is accepted. The potential listing agent wants to know who owns the country on which the entry is located, whether an easement allows others to access it and, if so, who and if a common entry agreement withdraws. Responses and supporting documents should be made available to potential buyers in order to draw attention to the fact that entry is shared and who can exercise due diligence to ensure that potential risks are covered. Finally, if there is no common entry or access agreement, encourage the seller to begin the process before a buyer is found and the lender asks for the same. And no, don`t take the pen in hand or copy an agreement you`ve seen elsewhere. Let the seller guess. 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.) 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…

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