The Party Wall Agreement or the ‘award’ is a legal contract that takes place after the two fighting parties have resolved their dispute regarding the conflict that triggered the need for the document. It is a legal representation of the resolution. A party wall is any wall/property that is jointly shared by two owners.
The award ensues when there are minor issues, and the Party Wall Act notice is not needed.
Contents of the Party Wall Agreement
The agreement usually has three main parts:
- Set of rules that define how the work should advance
- The conditions regarding the neighboring property
- Illustrations of the planned work
The draft should also include the details of the party wall surveyors, names and addresses of the fighting parties, and property details. An outline of the future work, working hours, the time limit for completion, and the party wall experts’ fees should also be in the document.
Once both the parties have agreed, signed, and received each of their copies, the award can get finalized. Though, another appeal gets filed if the owners feel that the conditions of the agreement are unjust.
Why is a Party Wall Agreement necessary?
A party wall is necessary if the work is to be done on:
- Shared wall demolition or rebuilding
- Shared ceiling or floor with other property
- Boundary
- Around 6 meters of shared land
- Getting common repairs like sewage drains, sewers and such
Role of the party wall surveyor
The party wall surveyor can be any impartial individual, unassociated to either of the parties. They need to have proper knowledge about the Party Wall Agreement to act as a party wall agreement london. The judgment should remain unbiased and should help you maintain good relations with your neighbor.
There are two types of Surveyor the parties can hire –’Agreed Surveyor’ and ‘Individual Surveyor.’ ‘Agreed Surveyors’ are appointed by the sides mutually. They have to form the final award and get it signed and approved by both parties. ‘ ‘Individual Surveyor’ is hired independently by the parties. Both sides can hire their specialist, and they will have to discuss the construction issues and prepare the final agreement.
The party wall agreement cost gets decided by the time and resources invested in producing the contract. Party wall disputes take an average time of 2-3 weeks for resolution.
Getting an agreement by a Party Wall Surveyor North London is around £700 to £900.
Pros and Cons
Party Wall Agreements are hard because you have to adjust and agree to all the other party’s conditions. You cannot have any construction or repairs on the shared wall without your neighbor’s permission. The agreement process gets a little challenging as you have to agree to some of the conditions or bills you did not think about, and it can add up to more expenses. Sometimes, even with the best lawyer and the best document, you can land into trouble if your neighbor is unpleasant.
Although, people are usually able to overlook all the cons because of the major pro – avoiding legal troubles due to the contract.
If you want a comprehensive document by an expert party wall surveyor in North London, contact a good surveyor today.
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