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Need help with a Party Wall Agreement?
A party wall agreement helps you get ownership of your property and the legal liberty to use it as you see fit. The maintenance obligations for the party wall are discussed and mentioned clearly in the party wall agreement to eliminate any legal complications. Shared party walls can also be set up in a single property to make multiple divisions. It is quite popular to set up a cubicle or individual rent unit system where the owner remains the property holder and only rents out the small sections of his property. The party wall agreements are quite popularly established in the land division, such as while dividing an inherited property or when the partners split up.
Within the agreement, there is a clear distinction of the property limits, which helps reduce the friction between the parties involved. Setting up a foolproof party wall agreement is a highly valuable asset that can be helpful in the future for either party. It helps eliminate legal complications and is highly beneficial in the court if the neighboring party files any case. It is also helpful in protecting one's rights and values. For example, if the other party doesn't abide by the terms and conditions stated in the contract, you can also file a suit and get justice.
It helps in understanding what you can do with the shared party wall. For instance, you can paint and hang pictures on your side of the wall. However, simultaneously, you cannot drill holes into the wall that exceed a certain level. For example, for any damage done by you due to which a hole is created in the wall, you are liable to compensate for the same and fill the space.
What is the Party Wall Act?
Here are some details that are included in the party wall act:
- Setting up a wall or a division system is necessary to divide the property between property owners. As per the square area of the property, a proper wall or separation unit must be construed.
- The structure of the wall must be clearly stated. It must be clarified if the party wall has to be cut into or if any work is on it.
- It is necessary to understand whether to make or change the structure of the party wall. For example, any changes to be made in the dimensions of the wall.
- Proper protocol is followed if the party wall has to be broken down or reconstructed.
- Proper care is necessary if the party wall foundation has to be dug deeper.
Need for a Party Wall
A party wall is a separating unit between two properties. Here are the benefits of having a party wall set up -
- One of the most common types of party walls is a roof, which separates the top floor from the one below.
- Setting up a fencing wall in the garden helps you to establish boundaries. It helps the owner understand the extent of the property.
- If you are planning to sell or put your property on rent, a party wall helps make your property's boundaries clear for a potential client. It also helps to increase the worth of your property.
- A solid party wall helps you to get privacy as the neighbors cannot see through the wall.
- Making the party wall soundproof helps you get the leverage of watching movies at loud volumes or maintaining peace.
- If you make the party wall bulletproof or fireproof, it helps you get added security and protection.
- Establishing a party wall protects you from external environmental conditions as well.
Party Wall Notice
The terms and conditions of a party wall notice are generally included within the contract. Per the party wall notice, any construction plans you have for the shared party wall must be informed before the neighbor. In addition, you need to have permission to continue with the construction. Within the contract, you must establish the details for which you need permission. For example, nailing in the wall is generally an inclusion, while painting your side of the wall is an exclusion.
- Party Wall - A shared wall between two or more parties separates the property and sets up a designated area for each person.
- Party Wall Agreement - An agreement between the two parties that share the party wall, which states the terms and conditions that each party must follow.
If you also share a boundary with your neighbor, consider setting up a party wall agreement now. Contact the experts at Contracts Counsel if you are looking for a lawyer for a party wall agreement or a party wall agreement renewal.
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