If you`re considering buying a property that uses a private road, it`s important to understand the legal arrangements in place for the road`s upkeep. This is typically outlined in a private road agreement, which sets out the terms and responsibilities for all parties involved.
Here`s an example of what a private road agreement might look like:
This agreement is made between [Name of Property Owner] and [Name of Other Property Owners] (hereafter referred to as “the Parties”).
2. Description of the private road
The private road subject to this agreement is situated in [Location] and is described as [Describe the private road, including its length, width, and any notable features].
3. Access rights
The Parties agree that they have the right to access and use the private road for the purposes of accessing their respective properties.
4. Maintenance and repairs
The Parties agree to share the costs of maintaining and repairing the private road in accordance with the following terms:
– Each party will contribute [Amount or Percentage] of the costs of maintenance and repairs.
– The costs of maintenance and repairs will be split in proportion to the length of road owned by each party.
– Costs of maintenance and repairs will be incurred by the person responsible for commissioning the work.
5. Dispute resolution
In the event of any disputes arising under this agreement, the Parties agree to first try to resolve the dispute through negotiation and mediation. If this is unsuccessful, the Parties may seek legal remedies.
This agreement will remain in force until [End Date], unless terminated earlier by mutual agreement of the Parties.
7. Governing law
This agreement shall be governed by and construed in accordance with the laws of [State/Province/Country].
By signing below, the Parties acknowledge that they have read and understood the terms of this private road agreement and agree to be bound by its terms.
[Signatures of all Parties]
As the above example shows, a private road agreement can be a useful way of ensuring that all parties understand their rights and responsibilities when it comes to maintaining a private road. If you`re considering buying a property with a private road, it`s important to review any such agreement carefully and seek legal advice if necessary.