A title contingency allows the buyer to inspect the preliminary title committment issued by the title insurance company to confirm that there is nothing about the title that is inconsistent with the buyer's planned use of the property. For example, there may be an easement on the property that benefits a neighbor. With a title contingency, a buyer will learn of this easement and, if unacceptable, can rescind the contract as a result. An attorney can assist you in interpreting the preliminary title committment.