Illinois Acuerdo para medir y fijar la ubicación del límite común conocido - Agreement to Survey and Fix Location of Known Common Boundary

• Category: Bienes Raíces - Líneas Límite
• State: Multi-State
• Control #: US-1090BG
• Format: Word

Description

This agreement operates as an accord and satisfaction. Although the definition is variously stated from state to state, generally speaking, an "accord and satisfaction" is a method of discharging a contract or a claim or cause of action whereby the parties agree to give and accept something other than that which is due in satisfaction of the existing claim. For an accord and satisfaction, the "accord" is the agreement between the parties, and the "satisfaction" is its execution or performance. An accord and satisfaction results when: (i) the parties mutually intend to effect a settlement of an existing dispute by entering into a superseding agreement, and (ii) there is actual performance in accordance with the new agreement. Accord and satisfaction requires both components4 as without an agreement to discharge the obligation, there can be no accord, and without an accord, there can be no satisfaction.

The Illinois Agreement to Survey and Fix Location of Known Common Boundary is a legal document that establishes the boundaries between neighboring properties in the state of Illinois. This agreement is used when there is a dispute or confusion regarding the location of the common boundary line between two adjoining properties. The purpose of this agreement is to provide a clear and definitive description of the common boundary line, in order to avoid future disputes and boundary conflicts. It is essential for property owners to have an accurate understanding of their property boundaries to prevent any encroachments or violations of their rights. The Illinois Agreement to Survey and Fix Location of Known Common Boundary typically involves hiring a professional surveyor who has expertise in boundary surveys. The surveyor conducts a thorough investigation to determine the exact location of the common boundary line, using various techniques and measurements. Once the boundary line is determined, the agreement outlines the specific terms and conditions agreed upon by both parties. This includes a detailed description of the boundary line, including any physical markers or monuments that have been identified during the survey process. Different types of Illinois Agreement to Survey and Fix Location of Known Common Boundary may include: 1. Residential Agreement: This type of agreement is typically used between residential property owners who share a common boundary line. It may involve single-family homes, townhouses, or duplexes. 2. Commercial Agreement: This agreement is used between commercial property owners, such as business owners or commercial building owners, who need to establish the location of their common boundary line. 3. Agricultural Agreement: In rural areas where agricultural land is common, this type of agreement is used by farmers or landowners who share a common boundary line. It may involve farmland, barns, sheds, or other agricultural structures. 4. Industrial Agreement: This type of agreement is used between owners of industrial properties, such as warehouses, factories, or manufacturing facilities, that share a common boundary line. It may also involve access roads, parking lots, or other shared facilities. In summary, the Illinois Agreement to Survey and Fix Location of Known Common Boundary is a necessary legal document used to establish and define the boundaries between adjacent properties. It helps property owners avoid boundary disputes and ensures a clear understanding of property rights and responsibilities. Hiring a professional surveyor is crucial in accurately determining the location of the common boundary line.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.