Arkansas Agreement to Survey and Fix Location of Known Common Boundary

• Category: Real Estate - Boundary Lines
• State: Multi-State
• Control #: US-1090BG
• Format: Word; Rich Text

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 Arkansas Agreement to Survey and Fix Location of Known Common Boundary is a legal document used in the state of Arkansas to establish and define the boundaries between adjoining properties. This agreement is entered into by the owners of adjacent properties who wish to resolve any disputes or uncertainties regarding their common boundary line. Keywords: Arkansas, Agreement to Survey, Fix Location, Known Common Boundary. There are two main types of Arkansas Agreement to Survey and Fix Location of Known Common Boundary: 1. Arkansas Agreement to Survey and Fix Location of Known Common Boundary for Residential Properties: This type of agreement is commonly used between owners of residential properties, such as homes or vacant lots, located adjacent to each other. It helps in preventing boundary disputes and ensures that both parties have a clear understanding of where their properties begin and end. 2. Arkansas Agreement to Survey and Fix Location of Known Common Boundary for Commercial Properties: This type of agreement is specifically tailored for owners of commercial properties, such as office buildings, shopping centers, or industrial lots, that share a common boundary. It is essential for commercial property owners to have a precise definition of their common boundary to avoid conflicts and facilitate efficient property management. The Arkansas Agreement to Survey and Fix Location of Known Common Boundary typically includes the following key elements: 1. Identification of Parties: The agreement begins by identifying the parties involved, including their full legal names, property addresses, and contact information. 2. Legal Description: A detailed legal description of the properties involved is provided, including lot numbers, subdivision names, and any other relevant information that allows for accurate identification of the properties. 3. Boundary Survey: The agreement outlines that a licensed land surveyor will conduct a survey to establish the location of the common boundary line. The surveyor will use various tools, techniques, and measurements to determine the exact location. 4. Markers and Monuments: The agreement specifies that the surveyor will place markers or monuments at designated points along the common boundary line for easy identification and reference by the property owners. 5. Obligations of the Parties: The agreement sets forth the responsibilities of each party, such as granting access to their property for surveying purposes or contributing to the costs associated with the survey. 6. Agreement Acceptance: Both parties agree to the terms and conditions stated in the agreement by signing and dating the document. This indicates their mutual understanding and consent to rely on the boundary determination made by the surveyor. 7. Legal Binding: The agreement clarifies that the determination made by the surveyor regarding the common boundary line is legally binding on both parties and their successors in interest. The Arkansas Agreement to Survey and Fix Location of Known Common Boundary is a crucial legal instrument for property owners in Arkansas. By resolving boundary uncertainties and documenting the agreed upon boundary line, it promotes clarity, avoids disputes, and ensures a harmonious relationship between neighboring property owners.

The Arkansas Agreement to Survey and Fix Location of Known Common Boundary is a legal document used in the state of Arkansas to establish and define the boundaries between adjoining properties. This agreement is entered into by the owners of adjacent properties who wish to resolve any disputes or uncertainties regarding their common boundary line. Keywords: Arkansas, Agreement to Survey, Fix Location, Known Common Boundary. There are two main types of Arkansas Agreement to Survey and Fix Location of Known Common Boundary: 1. Arkansas Agreement to Survey and Fix Location of Known Common Boundary for Residential Properties: This type of agreement is commonly used between owners of residential properties, such as homes or vacant lots, located adjacent to each other. It helps in preventing boundary disputes and ensures that both parties have a clear understanding of where their properties begin and end. 2. Arkansas Agreement to Survey and Fix Location of Known Common Boundary for Commercial Properties: This type of agreement is specifically tailored for owners of commercial properties, such as office buildings, shopping centers, or industrial lots, that share a common boundary. It is essential for commercial property owners to have a precise definition of their common boundary to avoid conflicts and facilitate efficient property management. The Arkansas Agreement to Survey and Fix Location of Known Common Boundary typically includes the following key elements: 1. Identification of Parties: The agreement begins by identifying the parties involved, including their full legal names, property addresses, and contact information. 2. Legal Description: A detailed legal description of the properties involved is provided, including lot numbers, subdivision names, and any other relevant information that allows for accurate identification of the properties. 3. Boundary Survey: The agreement outlines that a licensed land surveyor will conduct a survey to establish the location of the common boundary line. The surveyor will use various tools, techniques, and measurements to determine the exact location. 4. Markers and Monuments: The agreement specifies that the surveyor will place markers or monuments at designated points along the common boundary line for easy identification and reference by the property owners. 5. Obligations of the Parties: The agreement sets forth the responsibilities of each party, such as granting access to their property for surveying purposes or contributing to the costs associated with the survey. 6. Agreement Acceptance: Both parties agree to the terms and conditions stated in the agreement by signing and dating the document. This indicates their mutual understanding and consent to rely on the boundary determination made by the surveyor. 7. Legal Binding: The agreement clarifies that the determination made by the surveyor regarding the common boundary line is legally binding on both parties and their successors in interest. The Arkansas Agreement to Survey and Fix Location of Known Common Boundary is a crucial legal instrument for property owners in Arkansas. By resolving boundary uncertainties and documenting the agreed upon boundary line, it promotes clarity, avoids disputes, and ensures a harmonious relationship between neighboring property owners.