The duplexes are fantastic. And we won`t soon see a drop in their popularity – for many good reasons. But please don`t buy any while you`re blind to problems. Let your realtor check any party-wall agreement registered from the title. Also try to meet the neighbors if you can. Or buy the other half for your mother-in-law. My two cents is good to have a party wall contract as a buyer. Of course, I have to qualify for each deal to be different, and you should check it out. But in general, I think they are good for the reasons listed below.
The appeal of section 18.104.22.168. requires that a wall of a section erected on a boundary of the land be established as a firewall, unless authorized by section 22.214.171.124. Section 126.96.36.199. allows that “in a residential building where there is no dwelling unit above another dwelling unit, there is no need to build a party wall at a boundary between the dwelling units as a firewall, provided it is built as a fire separation with fire resistance power equal to 1 h.” A party wall is defined as “a wall that is in common and is jointly held by two parties in the framework of a facilitation agreement or legal right, which is built on or on a line separating two parcels, each of which is or may be a separate real estate unit. Party-Wall agreements have been used in the past to manage the relationship between owners with a common border and a wall in the middle of the land line that supports buildings on both grounds. Party-Wall agreements have historically been recorded as a relief, with each owner having access to the other owner`s land to facilitate the common wall. The fear of an agreement on the party walls as relief is that positive commitments in the context of easing are not binding on future landowners. Although the ease would run with the land and the claim of each party to access the other party`s land would be binding on future landowners, the positive facilitation obligations, such as repairing and maintaining the party wall, would not engage future landowners. Second, you share access and private property with your neighbor.
“What” do I agree to own the party wall together, but the rest of my property is my property!? Well, look at your province`s legislation or perhaps the “party wall” agreement that is probably inscribed against the title in your home.