The Road Maintenance Agreement is a legal document that outlines the responsibilities of parties involved in the joint maintenance of a road. This form ensures that all parties understand their obligations regarding upkeep, including costs and usage rights. Unlike other agreements, this form specifically addresses communal road maintenance, making it essential for co-owners or neighboring property owners who share road access.
This form should be used when two or more parties need a formal agreement for the shared maintenance of a road. Situations may include joint ownership of land where the road is located, or when neighbors rely on the same access road for their properties. It helps prevent misunderstandings and disputes about maintenance duties and responsibilities.
This document requires notarization to meet legal standards. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available 24/7.
Freddie Mac (Conventional): A Private Road Maintenance Agreement is not required. FHA: A Private Road Maintenance Agreement is not required, however you will be asked to provide a recorded road easement. USDA: Requirements are determined on a case-by-case basis. VA: A Private Road Maintenance Agreement is required.
A At common law, the owner of land subject to a private right of way (the servient owner) is under no obligation to maintain it. If someone with a right to use the roadway (the dominant owner) wants it mended, it is up to them.
A At common law, the owner of land subject to a private right of way (the servient owner) is under no obligation to maintain it. If someone with a right to use the roadway (the dominant owner) wants it mended, it is up to them.
FHA: A Private Road Maintenance Agreement is not required, however you will be asked to provide a recorded road easement.
Assuming the subject property is in California you can make the UW feel warm and fuzzy by stating that although there is no formal road maintenance agreement, the California Civil Code requires that private roads be maintained by all property owners benefitting from the use of the road.
The USDA doesn't require an inspection, but it's a smart move for buyers to do anyway. Appraisals are ordered by your lender to obtain a fair market value for the home.
USDA Loans: do NOT require a private road maintenance agreement. However, additional criteria will apply for both FHA and USDA loan call my office for more details!