Final answer:
A party wall easement is a type of easement that allows two adjoining property owners to share a wall or fence that is situated on the boundary line between their properties.
Step-by-step explanation:
A party wall easement is a type of easement that allows two adjoining property owners to share a wall or fence that is situated on the boundary line between their properties. This means that each owner has a legal right to use and maintain that shared wall or fence for the benefit of their property. Party wall easements are commonly found in urban areas where space is limited and are governed by specific laws and regulations.