When two neighboring property owners decide to build a structure that will share a common wall, a common wall agreement form is required to legally document the terms of the shared ownership and maintenance responsibilities. This agreement is necessary to ensure that both parties are aware of their obligations and rights regarding the common wall.

A common wall agreement is a legal document that outlines the details of the shared wall structure and the rights and responsibilities of both parties. The agreement should cover important clauses such as the extent of the shared wall, the ownership percentage for each party, and the obligations of each party for maintaining and repairing the wall.

The extent of the shared wall is an important detail that needs to be clearly defined in the agreement. This includes the exact location, height, and width of the wall. It also includes any protrusions or indentations of the wall, such as windows, doors, or balconies.

The ownership percentage is another important detail that should be included in the agreement. This will determine each party`s share of ownership in the wall and can be based on factors such as the overall size of the respective properties or the wall`s location.

The common wall agreement should also include the obligations of each party for maintaining and repairing the wall. This includes details such as who is responsible for cleaning the wall, repairing any damages, and ensuring that the wall is in compliance with local building codes.

In addition to these factors, the agreement may also include provisions for dispute resolution, insurance, and termination of the agreement.

Overall, a common wall agreement form is an essential document for any property owner who is planning to share a wall with their neighbor. It is critical to ensure that both parties are aware of their rights and responsibilities and that the wall is maintained and repaired properly. By taking the time to create a comprehensive common wall agreement, property owners can avoid potential headaches and legal disputes down the road.