Party Walls
Underwriting Manuals
Standard Exceptions
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Table of Contents
PTY
Party Walls
If a party wall lies along the property line, you must except to the terms of the agreement, if any. If the party wall is not located as provided in the agreement, you must separately except to rights in the party wall. If there is no agreement, you must separately except to rights in the party wall.
Exceptions
PTYX01
ALTA
10/19/2011
V
3
Party Wall Agreement
Terms and provisions of the party wall agreement between ____________ and ____________ recorded ____________.
Comment: You must except to the terms of a party wall agreement.
Comment: You must except to the terms of a party wall agreement.
PTYX02
ALTA
10/19/2011
V
3
No Party Wall Agreement
Rights or interests of the adjoining owners in and relating to a party wall located along or adjacent to the ____________ line of the Land.
Comment: You must use this exception if there is a common wall along or near the property line and if there is no party wall agreement or if the separately excepted agreement is not consistent with the wall.
Note: You may add additional local exceptions here. Please consult with our underwriting personnel in preparing appropriate provisions.
Comment: You must use this exception if there is a common wall along or near the property line and if there is no party wall agreement or if the separately excepted agreement is not consistent with the wall.
Note: You may add additional local exceptions here. Please consult with our underwriting personnel in preparing appropriate provisions.