Party Wall Agreement Fees: Understanding the Costs Involved
If you are planning on carrying out any building work that might affect your neighbour`s property, it is crucial to understand party wall agreement fees. The Party Wall etc. Act 1996 outlines the procedures to be followed when carrying out work affecting a shared wall or boundary, and one of the key elements of this Act is the party wall agreement fee.
What is a Party Wall Agreement Fee?
A party wall agreement fee is the cost incurred by an individual or organization seeking to carry out building work that impacts a shared wall or boundary. This fee is paid to the surveyor who oversees the party wall agreement process and ensures that the work is carried out according to the legal requirements of the Party Wall Act. The fee covers the surveyor`s time spent drawing up the party wall agreement and ensuring that the project is carried out smoothly.
Who Pays for the Party Wall Agreement Fee?
Typically, the party wall agreement fee is paid by the individual or organization undertaking the building work. However, the Act states that in some cases, the adjoining owner or neighbour may be required to split the cost of the party wall agreement fee. This may occur when the work is being carried out for the benefit of both parties, or when the adjoining owner wishes to make changes to their own property during the project.
How Much Does a Party Wall Agreement Fee Cost?
The cost of a party wall agreement fee can vary depending on several factors, such as the complexity of the project and the location of the property. In general, you can expect to pay anywhere between £500 and £2,000 per neighbour for the party wall agreement fee. This amount may also include additional fees for any necessary surveys or inspections that need to be carried out as part of the agreement.
What Should You Do if You Need a Party Wall Agreement?
If you plan to carry out any building work that might affect your neighbour`s property, it is essential to follow the requirements of the Party Wall Act. This means that you will need to serve a party wall notice to your neighbour at least two months before you plan to start work. If your neighbour agrees to the proposal, you can proceed with the project. However, if there are any objections, you will need to appoint a surveyor to oversee the party wall agreement process and to ensure that the work is carried out legally.
A party wall agreement fee is an essential cost to consider when planning building work that affects shared walls or boundaries. By understanding the requirements of the Party Wall Act and the associated fees, you can ensure that your project runs smoothly and legally. If you are unsure about the cost or process involved in obtaining a party wall agreement, it is recommended to seek advice from a qualified surveyor or legal professional.