Montana 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.

Montana Agreement to Survey and Fix Location of Known Common Boundary is a legal document commonly used in real estate transactions to address and resolve disputes regarding boundary lines between neighboring properties in the state of Montana. This agreement serves as a tool to establish a mutually agreed-upon boundary line between two adjacent properties by conducting a survey and officially fixing its location. It aims to prevent future conflicts and misunderstandings by providing clear and definitive boundaries that both parties can rely upon. Keywords: Montana Agreement to Survey, Fix Location, Known Common Boundary, real estate transactions, boundary lines, neighboring properties, disputes, survey, mutually agreed-upon boundary line, conflicts, misunderstandings, clear and definitive boundaries. Different types of Montana Agreement to Survey and Fix Location of Known Common Boundary may include: 1. Residential boundary agreement: This type of agreement is used when two residential properties share a common boundary, and the owners wish to officially establish the precise location of the boundary line through a survey. 2. Commercial boundary agreement: Similar to the residential boundary agreement, this type is specifically designed for commercial properties, such as office buildings, retail spaces, or industrial sites, where a shared boundary requires definition. 3. Agricultural boundary agreement: This agreement is utilized for properties predominantly used for agricultural purposes, such as farms, ranches, or vineyards. It allows farmers or ranchers to resolve boundary disputes and set clear boundaries between their parcels. 4. Vacant land boundary agreement: When dealing with undeveloped or vacant land, this type of agreement helps establish the boundary lines and prevent future disputes when the property is eventually developed or sold. 5. Boundary agreement involving public land: In some cases, the common boundary may border public land, such as a national park, forest, or wildlife refuge. This type of agreement may involve additional considerations and requirements, as it may require coordination with government authorities or agencies. In all cases, the Montana Agreement to Survey and Fix Location of Known Common Boundary is designed to provide legal clarity, offer protection to both parties, and establish a definitive boundary line using an accurate survey conducted by licensed professionals.