Vacation
Underwriting Manuals
- 5.00 Easements And Easement Insurance
- 18.36 Streets, Alleys And Roadways
- 21.00 Vacation Of Streets, Alleys And Highways
Standard Exceptions
- No references available.
Bulletins
- No references available.
Forms
- No references available.
Table of Contents
VAC
Vacation
To insure on the basis of a vacation, you must verify that all statutory and local requirements were met. These may include publication, appraisals, and fair market sale. You must then confirm who owned the underlying fee (typically, adjacent owners). Exception may need to be made to lines in the street and to continued subdivision owner use.
Exceptions
VACX01
ALTA
10/19/2011
V
3
Exclusion of Vacated Land
That portion of vacated ____________ abutting the Land is specifically excepted from coverage of this Policy.
Comment: If you are not willing to insure a vacated strip (e.g., where fee ownership is not clearly vested in the seller), you should add this exception.
Comment: If you are not willing to insure a vacated strip (e.g., where fee ownership is not clearly vested in the seller), you should add this exception.
VACX02
ALTA
10/19/2011
V
3
Utility Lines in Vacated Street
Easements, if any, for public utilities pipelines or facilities installed in any portion of the vacated street or alley, lying within the Land, together with the right of ingress and egress to repair, maintain, replace and remove the same.
Comment: If a street is vacated, then actual prior use, the vacation itself, or state law may result in easements for existing utility lines.
Comment: If a street is vacated, then actual prior use, the vacation itself, or state law may result in easements for existing utility lines.
VACX03
ALTA
10/19/2011
V
3
Private Rights in Vacated Street
Any private right to use any portion of the vacate street or alley, lying within the Land.
Comment: Even if a street is properly abandoned, lot owners in the same subdivision (at least those in the same block) have private easements based on their purchase of lots in the subdivision.
Comment: Even if a street is properly abandoned, lot owners in the same subdivision (at least those in the same block) have private easements based on their purchase of lots in the subdivision.
VACX04
STG
10/19/2011
V
3
Subdivision Owners’ Access Easement
Easements for access in favor of owners in the subdivision in which the land is located.
Comment: Even if a street is properly abandoned, lot owners in the same subdivision (at least those in the same block) have private easements based on their purchase of lots in the subdivision.
Comment: Even if a street is properly abandoned, lot owners in the same subdivision (at least those in the same block) have private easements based on their purchase of lots in the subdivision.