Driveway Shared Contract With Nike

State:
Multi-State
Control #:
US-EAS-33
Format:
Word; 
Rich Text
Instant download

Description

The Driveway Shared Contract with Nike is designed to establish a formal agreement regarding the use and maintenance of specified driveway and parking areas between property owners, termed as Grantors. This contract outlines essential features such as easement rights for access, maintenance responsibilities, and restrictions on obstructing the shared driveway and parking lot. The form specifies that successors in title for both tracts must cooperate on maintenance, repair activities, and provides a framework for addressing disputes, including potential attorney's fees for enforcement. It is suitable for use by attorneys, partners, owners, associates, paralegals, and legal assistants engaged in real estate transactions and lease negotiations, facilitating clarity in the relationship between property owners regarding shared access. Users should fill in property descriptions and appropriately notarize the document to ensure enforceability. Editing the form is straightforward, with specific sections designated for personalization based on the involved parties' needs.
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FAQ

The most common examples of a shared driveway or accessway are where: One property has no driveway or accessway from the highway. Instead, they have a right of way (an easement) over the neighbouring property's land. The right of way allows them to access their property by vehicle or on foot.

Who should maintain a shared driveway? It's largely expected that both homeowners will do their bit to help maintain the conditions of a shared driveway. However, it is worth noting that neither homeowner has a right to store anything in the area, such as bins.

Answer: Check your title deeds and those of your neighbour to establish the boundaries of your property and how the driveway is owned. You could each own half of it, or one of you could own the whole of it. Either way, as the driveway is shared you will each have been granted certain rights of access over it.

Common Driveway means the private access road within the Property which provides access to more than one Lot. Sample 1. Common Driveway means a section of a driveway serving more than one residence.

Shared driveway rights All owners of shared driveways are legally obliged to be considerate and not block the driveway from other users. The exact terms related to a shared driveway should be set out within title deeds, with the aim to create fair usage and maintenance requirements.

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Driveway Shared Contract With Nike