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If you are planning to carry out construction work on a property that you share with your neighbor, you will need to obtain a party wall agreement. This agreement is a legally binding document that outlines the rights and obligations of both you and your neighbor when it comes to the construction work. However, what do you do if your construction work takes longer than expected, and you need to extend the party wall agreement?
Fortunately, there is a party wall agreement extension template that can be used. This template is a simple document that outlines the new start and end dates for the party wall agreement, and any modifications to the original agreement that need to be made. It is important to note that the template should only be used if both parties are in agreement to the extension.
Here are the key elements that should be included in a party wall agreement extension template:
1. Introduction: This section should include the names and addresses of both parties and state that they have agreed to extend the party wall agreement.
2. Original agreement: This section should refer to the original party wall agreement, including the date it was signed and the description of the work that is being carried out.
3. New start and end dates: This section should clearly state the new start and end dates for the party wall agreement.
4. Modifications to the original agreement: If there are any modifications to the original agreement, such as changes to the scope of the work or additional costs, they should be outlined in this section.
5. Signatures: Both parties should sign and date the document to indicate their agreement to the extension.
It is important to ensure that the party wall agreement extension template is completed accurately and signed by both parties before any work commences. Failure to obtain an extension to the party wall agreement could result in legal disputes and delays to your construction work, so it is always best to ensure that everything is in order before proceeding.
In conclusion, if you need to extend a party wall agreement, it is important to use a template that outlines the new start and end dates, as well as any modifications to the original agreement. By doing so, you can ensure that both parties are aware of their rights and obligations and avoid any legal disputes in the future.
