Overview
A boundary line agreement is a legal document that defines the boundary lines of a property, often agreed upon and signed by neighbouring property owners.
Full Details
What is a Boundary Line Agreement?
A boundary line agreement is a legal document that defines the boundary lines of a property, often agreed upon and signed by neighbouring property owners.
This agreement helps to resolve disputes regarding the exact location of the boundary between two properties, and once in place, it typically prevents future disputes regarding the same issue.
What are the benefits of creating a Boundary Line Agreement?
- Prevents Disputes: One of the most significant benefits of a boundary line agreement is the prevention of disputes between neighbouring property owners. By having clear, agreed-upon boundaries, it can eliminate potential conflicts over land use, property improvements, and ownership rights.
- Legal Clarity: A boundary line agreement provides legal clarity and certainty. It acts as a legally binding document, which means that the boundary lines defined within it are enforceable by law. This agreement can be referenced in the event of a property sale or legal dispute.
- Flexibility: In some cases, neighbours may choose to adjust property boundaries for practical reasons, such as a natural feature (e.g., a river or tree line) or a man-made feature (e.g., a fence or driveway). A boundary line agreement allows this flexibility and can make property use more convenient for both parties.
- Increases Property Value: Clear and legally defined property boundaries can potentially increase property value. Future buyers usually appreciate the legal certainty and peace of mind that a boundary line agreement brings, which could make a property more attractive and easier to sell.
- Saves Time and Money: Resolving a boundary dispute in court can be time-consuming and expensive. By agreeing on boundary lines, property owners can save themselves the cost and hassle of potential legal action.
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