Definition:
An agreed boundary refers to a line or area that has been mutually accepted by two or more parties. It is a boundary that has been determined through discussions and consensus, rather than being legally or survey-based.
An agreed boundary refers to a boundary that has been mutually accepted by neighbouring property owners. It is a legally binding agreement that precisely determines the location of the boundary line between two properties. For instance, if two neighbours are uncertain about the exact position of their property line, they can hire a surveyor to ascertain the boundary. Once the survey is completed, the neighbours can reach an agreement on the precise location of the boundary line and sign a legal document, such as a boundary agreement or deed, to establish the agreed boundary. Another scenario is when a property owner intends to construct a fence or make improvements near the boundary line. They may need to seek permission from their neighbour and establish an agreed boundary to ensure that the improvements do not encroach on the neighbour’s property. In summary, an agreed boundary serves as a crucial legal tool that assists property owners in avoiding disputes and maintaining clear boundaries between their properties.
An agreed boundary is a legally binding agreement between neighboring property owners that establishes the exact location of their shared property line.
An agreed boundary is typically determined through negotiations between the neighboring property owners, often with the assistance of a surveyor or other professionals.
Yes, an agreed boundary is legally enforceable as long as it meets the requirements of a valid contract and is properly recorded.
Yes, an agreed boundary can be changed in the future, but it requires the mutual consent of both neighboring property owners and may involve legal procedures.
If one party violates the agreed boundary, the other party may take legal action to enforce the agreed boundary and seek remedies such as injunctions or damages.
Yes, an agreed boundary can be challenged in court if one party believes that the agreement was made under duress, fraud, mistake, or other grounds for contract invalidity.
While it is possible to establish an agreed boundary without a survey, it is highly recommended to involve a professional surveyor to ensure accuracy and avoid potential disputes in the future.
While verbal agreements can be legally binding in some cases, it is advisable to have the agreed boundary in writing to avoid any misunderstandings or disputes.
Yes, an agreed boundary can potentially affect property taxes as it may change the assessed value or size of the properties involved. It is recommended to consult with local tax authorities for specific information.
Yes, an agreed boundary can be transferred to new property owners if it is properly recorded and disclosed during the sale or transfer of the properties. It is important to involve legal professionals to ensure a smooth transfer process.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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