What does a title commitment include?

A title commitment includes the terms and conditions of title insurance coverage, which is essential for understanding the extent of protection provided to a property buyer or lender. This document lays out all the specific rights and obligations associated with the title insurance policy, including exceptions, exclusions, and any requirements that must be met before the policy is issued.

The title commitment serves as a critical tool for both parties in a real estate transaction, ensuring that they are aware of what is covered under the title insurance and any issues that may need to be resolved prior to closing. This clarity helps buyers and lenders make informed decisions and prepare for any title-related concerns that could affect the transaction.

In contrast, the other options do not pertain to the contents of a title commitment. Future maintenance costs, property appraisal values, and listings of potential buyers are not relevant to the title insurance commitment itself. Instead, these elements concern different aspects of real estate transactions and property assessments.