If you`re planning on building a new property or carrying out renovations on an existing one, it`s important to know about party wall agreements. These agreements are necessary in many situations and failing to obtain one can result in legal issues and even financial penalties.
A party wall agreement is a written agreement between two neighboring property owners that outlines how construction work will be carried out on a shared wall or boundary line. The agreement sets out the responsibilities of both parties regarding the building work and ensures that any potential disputes are resolved in a fair and reasonable manner.
In many countries, such as the UK and Australia, a party wall agreement is a legal requirement when carrying out certain types of building work. This includes work such as building on or at the boundary line, excavating near a neighboring property, and making structural changes to a shared wall.
It`s important to note that a party wall agreement should be obtained before any work begins. Failure to do so could result in legal action being taken by the neighboring property owner, which could delay your project and incur additional costs.
The process of obtaining a party wall agreement usually involves serving a notice to the neighboring property owner, outlining the proposed work and requesting their agreement. The notice should include information such as the type of work being carried out, the start date, and the expected duration of the work.
Once the notice has been served, the neighboring property owner has the right to either agree to the proposed work or dissent. If they dissent, a surveyor will be appointed to resolve any disputes and work out a fair agreement between the two parties.
Overall, obtaining a party wall agreement is a necessary step in many building projects. It helps to avoid any potential disputes and ensures that both parties are aware of their responsibilities regarding the proposed work. If you`re planning on carrying out building work near a neighboring property, be sure to obtain a party wall agreement to avoid any legal issues down the line.