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A boundary is either a natural object or an imaginary line that defines the perimeter of a parcel of land. A person owns everything on the surface and underneath the land that is within its boundary unless those rights have been legally transferred to someone else.
The legal boundary is simply a line on a plan or a description of the area which divides one property from another. The physical boundary is any structure or barrier which separates one property from another such as a fence, wall or hedge.
A boundary agreement is an understanding between parties indicating where the boundary between two or more properties exists. The line agreed upon may or may not be the true or original boundary, and it does not have legal value until both parties sign a lot line agreement.
Rivers, mountain ranges, oceans, and deserts can all serve as physical boundaries. Many times, political boundaries between countries or states form along physical boundaries.
A property boundary is the specific location surrounding a piece of real estate that denotes the edge of the owner's claim. Property lines define what the homeowner owns ? as well as where he or she can be held liable for negligent acts that might occur.
Property lines, or boundary lines, define the points where properties begin and end. These boundaries are used when installing features such as fences, pools and home additions. Some property lines have physical markers, whereas others are invisible.