If you own land that has agreed to some repair or construction work with a neighbour who shares a border with you, you may need a party contract. This manual will help you understand what this agreement is, what it contains and how to get the proper permissions to do the job you need. Under the 1996 party wall contract, a party wall agreement includes all common walls, structures or garden walls between two grounds. This is a legal agreement between you and your neighbours regarding all the construction work that will affect both sides of this common border. Whoever served the announcement must pay for the construction of the party wall. With the help of our real estate experts, Compare My Move created this article to make sure you know the necessary steps and frequent errors that you should avoid when sorting through your confidentiality agreement. If there is something that your neighbors do not like in your plans, or if there is a bit of work on the party wall they expect from you while you are doing your own work, then your neighbours can, if they wish, give you a counter-message. You must wait for a response – your neighbour must inform you in writing within 14 days if he agrees. The best scenario is that they accept all works in writing, which means you don`t need a party bargaining agreement that saves fees. This means that you will probably need a party partition agreement for work including loft fittings, inserting wet proof courses and even if you dig new foundations as when building an extension. At the end of the notification, you must send a letter indicating that your neighbour must appoint a surveyor within 10 days. The cost varies, but on average, a premium on the wall will cost about $1,000, with hourly rates for surveyors as high as $200.
In other words, if you are doing structural work on a wall that you share with your neighbors, you need a party wall contract.