If you`re looking to sell your property and there`s a party wall involved, it`s important that you know whether or not you need a party wall agreement in place.
Firstly, what is a party wall? It`s a wall that separates two properties, and both owners have rights and obligations with regards to this wall. These could include the right to use and maintain the wall, and the obligation to contribute to any repairs necessary.
If you`re selling your property and there`s a party wall in place, you should consider whether or not you need a party wall agreement. This is a legal document that sets out the rights and obligations of both parties with regards to the wall.
In some cases, such as if the wall is not on the boundary line, you may not need a party wall agreement. However, if you`re unsure it`s always best to check with a professional.
If you do need a party wall agreement and you don`t have one, this could cause delays in the selling process. Potential buyers may be put off if they know that there is a question mark over the ownership and maintenance of the party wall.
It`s best to get a party wall agreement in place as soon as possible if one is needed. This will ensure that the sale can proceed smoothly and without any legal or financial complications.
In summary, if you`re selling a property with a party wall, make sure you know whether or not you need a party wall agreement. Failing to do so can cause delays and put off potential buyers. Get a professional to advise you if you`re unsure, and get the agreement in place as soon as possible to ensure a smooth and hassle-free sale.