North Carolina Agreement between Adjoining Landowners Regarding Construction of Common Stairway

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US-0606BG
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Description

Adjoining landowners are the owners of lands that are separated by a common boundary line. A person may use his or her property in any reasonable and lawful manner if such use does not deprive an adjoining owner of any property right recognized and pro

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FAQ

emption right gives someone the right to be offered the chance to buy land before the landowner offers it to another party. They are often used when an estate owner sells land (perhaps to a family member) but wants to keep his hand in for the future.

Related Definitions Adjoining Properties means any real property or properties the border of which is (are) shared in part or in whole with that of the Property, or that would be shared in part or in whole with that of the Property but for a street, road, or other public thoroughfare separating the properties.

The right of a landowner to have his buildings supported by his neighbour's house or other structure.

Adjacent owner means the Owner of a Property that physically adjoins or is directly across the street and/or alley from the Property which its Owner is requesting a Variance and is further illustrated in Appendix 2.

emption Agreement gives a right of first refusal to a company or a person in the event the landowner decides to sell the land. An Option Agreement, however, normally gives a company or a person the right to require the landowner to sell the land to them.

Adjoining Land means land which is not separated by intervening property owned by someone else. Land which is separated by roads, rivers, streams, etc., is considered to be adjoining.

Parties to the Pre-emption Application: A co-sharer tenant in the holding by inheritance; and a person, to whom sale of the holding or the portion or share Page 4 Sociology and Anthropology 3(2): 78-84, 2015 81 thereof, as the case may be, can be made under section 90, can make an application for pre-emption.

The right of pre-emption is the right to offer the property to be sold. It is the inherent right or the primary right of the adjacent property's owner. It is the remedial right of the pre-emptor to follow the thing sold. It is not the right to repurchase; it is the right of substitution.

Rights for existing shareholders to have first refusal on the issue of new shares by a company. These rights are deemed to be necessary to protect shareholders against dilution of their shareholdings.

Adjoining landowners are those persons, such as next-door neighbors, who own land that share common boundaries and thus have mutual rights, duties, and liabilities.

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North Carolina Agreement between Adjoining Landowners Regarding Construction of Common Stairway