Hennepin Minnesota Agreement to Survey and Fix Location of Known Common Boundary

• Category: Real Estate - Boundary Lines
• State: Multi-State
• County: Hennepin
• 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.

Hennepin Minnesota Agreement to Survey and Fix Location of Known Common Boundary is a legal document that is used to officially establish and confirm the boundary line between properties owned by different parties within Hennepin County, Minnesota. This agreement is designed to resolve any disputes or uncertainties regarding the boundary by conducting a survey and mutually agreeing upon the exact location of the common boundary. The Hennepin Minnesota Agreement to Survey and Fix Location of Known Common Boundary serves as a binding contract between the property owners involved, providing a clear and accurate description of the boundary line to avoid any confusion or future disagreements. By clearly defining the boundary, all parties can feel confident in their respective property rights and obligations. This agreement typically involves hiring a professional surveyor who will conduct a survey of the properties and precisely determine the common boundary line. The surveyor may refer to existing legal descriptions, property deeds, and other relevant documents to ensure accuracy. There may be different types of Hennepin Minnesota Agreements to Survey and Fix Location of Known Common Boundary, depending on the specific circumstances and requirements of the property owners involved. These could include: 1. Mutual Agreement Boundary Determination: This type of agreement is used when the property owners are generally in agreement about the location of the common boundary but wish to formalize the line and provide legal certainty. 2. Boundary Dispute Resolution: This type of agreement is utilized when there is disagreement or uncertainty among the property owners regarding the location of the common boundary. It aims to resolve the dispute through a fair and objective surveying process. 3. Boundary Modification Agreement: In cases where the parties agree to modify the existing boundary to better suit their needs, this type of agreement is employed. It outlines the process of adjusting the common boundary and obtaining any necessary permits or approvals. 4. Preemptive Boundary Agreement: This agreement is often used when two adjacent property owners proactively agree to establish a common boundary to prevent any potential conflicts in the future. It is a precautionary measure that provides clarity and avoids misunderstandings. In conclusion, the Hennepin Minnesota Agreement to Survey and Fix Location of Known Common Boundary is a legally binding document that aims to define the precise location of the boundary line between properties within Hennepin County, Minnesota. By utilizing professional surveying services and mutual agreement, this agreement helps to resolve any disputes, clarify property rights, and provide long-term reassurance to all parties involved.