Missouri 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.

Missouri Agreement to Survey and Fix Location of Known Common Boundary is a legal document used in the state of Missouri to define and establish the boundaries between two adjacent properties. This agreement is typically entered into by the owners of the neighboring properties to avoid any disputes or uncertainties regarding their common boundary lines. The Missouri Agreement to Survey and Fix Location of Known Common Boundary serves as a binding contract between the property owners and outlines the process of conducting a survey to accurately determine the exact location of the common boundary. The survey is generally performed by a licensed surveyor who specializes in land boundary disputes. The agreement stipulates that both parties agree to cooperate fully in the survey process and abide by the surveyor's findings. This ensures that both property owners have a clear understanding of the precise boundary, eliminating any potential confusion or conflicts in the future. By entering into this agreement, the property owners acknowledge and accept that the location of the common boundary will be established by the surveyor's professional expertise. They also agree to be responsible for any costs associated with the survey, including the surveyor's fees, which are typically divided equally between the parties involved. There are no specific types of Missouri Agreement to Survey and Fix Location of Known Common Boundary as it is a standard document used for boundary delineation in the state of Missouri. However, variations and additional clauses can be added to the agreement based on the unique circumstances of a particular property or the preferences of the parties involved. In conclusion, the Missouri Agreement to Survey and Fix Location of Known Common Boundary is an essential legal instrument used to determine and establish the boundaries between neighboring properties in Missouri. It promotes clarity and avoids potential disputes by utilizing a professional surveyor to accurately determine the common boundary location. Property owners can rely on this agreement to maintain a harmonious relationship and ensure proper land demarcation.