New Mexico Agreement to Survey and Fix Location of Known Common Boundary

State:
Multi-State
Control #:
US-1090BG
Format:
Word; 
Rich Text
Instant download

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.
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FAQ

In New Mexico an ALTA survey must meet all of the requirements of a boundary survey as established in the minimum standards. So in NM, some of the options such as setting the property corners are already a requirement, such as items 1,2,4,8 and 11(a).

An improvement location survey is a simple survey that identifies and locates on-site property improvements that have either been proposed or recently built. The surveyor will measure and locate the improvements on the property, comparing these with existing land records and prior surveys to determine what has changed.

Improvement location reporting is the preparation of an improvement location report which is a narrative report, which may be accompanied by a sketch, and which is issued only to a title, abstract or escrow company or a lending institution for their exclusive use; it shall not be represented by the surveyor as being a

Land surveys indicate the boundaries of surrounding properties and determine where trees and fences lie. Land surveys are frequently used in property disputes to prove where the boundary of your property is and which side of a fence belongs to which property.

A Land Survey versus an ILC The main difference between an ILC and a Land Survey is that the ILC has multiple parties to satisfy. However, all the parties may use the same information and the same ILCs.

A Boundary Stake-Out is a type of survey which marks or monuments the physical position of property corners or lines.

Surveyors can advise on issues arising from boundary disputes, including how boundaries are defined and how they can be identified.

Improvement Location Certificates Their purpose is to provide the location of the structures and improvements in relation to property boundaries as noted on the deed.

Improvement Location Certificate (ILC) An Improvement Location Certificate or ILC is an inspection of a parcel by a licensed surveyor to determine possible encroachments or other matters that could be adverse from a land surveying standpoint.

Surveyors can advise on issues arising from boundary disputes, including how boundaries are defined and how they can be identified.

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New Mexico Agreement to Survey and Fix Location of Known Common Boundary