Oklahoma 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.

Oklahoma Agreement to Survey and Fix Location of Known Common Boundary is a legal document used in the state of Oklahoma to resolve boundary disputes between two adjoining properties. This agreement is crucial when there is ambiguity or disagreement regarding where the exact property line lies between the neighboring properties. The purpose of the Oklahoma Agreement to Survey and Fix Location of Known Common Boundary is to establish a clear and definitive boundary line that both parties agree upon. The agreement typically requires the appointment of a professional surveyor who will survey the area and collect data to determine the exact location of the common boundary. This legally binding agreement ensures that both property owners have a mutual understanding of the boundary's location, eliminating any potential future conflicts or misunderstandings. Furthermore, it helps prevent costly and time-consuming litigation that may arise from boundary disputes. Various types of Oklahoma Agreements to Survey and Fix Location of Known Common Boundary may exist, depending on the specific circumstances and characteristics of the disputed area. For instance, one common type of agreement may apply to disputes in rural areas, where physical landmarks or natural features might be used to establish the boundary line. Another type may be used in urban or suburban areas, relying on precise measurements and surveying techniques. The process of executing an Oklahoma Agreement to Survey and Fix Location of Known Common Boundary involves several key steps. Initially, both property owners must agree to participate in the survey and sign the agreement. Then, a qualified surveyor conducts a thorough examination of the property and adjoining areas to gather necessary data. The surveyor may use boundary monuments, historical records, aerial imagery, and advanced surveying equipment to determine the precise location of the boundary. Once the survey is completed, the surveyor presents the findings to both parties. If they agree with the established boundary line, they can sign off on the agreement, formalizing the common boundary's location. This agreement may need to be notarized and recorded in the official land records of the county where the properties are located. In conclusion, an Oklahoma Agreement to Survey and Fix Location of Known Common Boundary is a crucial legal document used to resolve boundary disputes in Oklahoma. It helps establish a clear and definitive boundary line that both parties agree upon, reducing the likelihood of future conflicts. Different types of agreements may exist depending on the nature of the disputed area, and the process typically involves the participation of a professional surveyor.