A party wall is a wall located on or at the division line between adjoining premises and used by adjoining landowners in the construction or maintenance of improvements on their respective properties. Generally, each owner of adjoining lands on which a party wall stands owns the part of the wall that stands on the owner's land and has an easement on the other part. Party wall interests are dependent on the terms of an agreement between the adjoining landowners. Unless the party wall agreement provides otherwise, the duration of the adjoining owners interests in the wall ordinarily continue as long as the wall stands. Party wall easements are terminated on the accidental destruction of the wall and, under some circumstances, on substantial changes in conditions of the neighborhood. The terms of the party wall agreement can provide for termination under other circumstances.
Since a party wall easement is an interest in land, it may be created by express deed drawn and executed with the same formalities as any other deed to real estate, or by a deed provision granting or reserving party wall interests. A contract, or provision in a contract, may also operate to create party wall interests. The following form is a general form establishing a party wall.
Jersey City New Jersey Party Wall Agreement
Category:
State:
Multi-State
City:
Jersey City
Control #:
US-00494BG
Format:
Word;
Rich Text
Instant download
Description
Free preview
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FAQ
Yes, indeed, Jersey City does come with a higher cost of living than most places. In fact, its cost of living index is 26% greater than the national average.
If you're looking for a hip, urban, yet more affordable place to live, Jersey City is likely the place for you. In contrast, if you'd like to enjoy the exciting nightlife, proximity to NYC, and overall young, hip vibe Hoboken may be your best bet.
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Jersey City city, Hudson County, New Jersey.
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