Agreement as to division of expense

Agreement as to division of expense

The Agreement as to division of expense is a document which is signed and dated by all the parties in question. This normally consists of just two parties and these are normally the owners of the land which is adjoining. The details of the land as well as the adjoining tract are first mentioned in the agreement. This is followed by details that the surveyor can establish the line demarcating the properties of both the parties and once the surveyor has established the line, then the parties necessarily need to accept the line as the true as well as correct line of division between the tracts of land.

The costs for expenses for running of the line which is needed to demarcate the properties of the adjoining land for the owners needs to be equally shared between the parties which have agreed upon.

Once this demarcation is done, the parties need to consider this as full and final. There can be no further discussions, arguments or even quarrels regarding the demarcation. This also is a very useful Agreement as to division of expense as this is the basis for when the property needs to be sold or when the property is then bequeathed to the heirs as proof of payment of the expenses as well as it also is a proof as to the lines of the property and the entire details of the marking of the land for both the parties in question. Therefore, this needs to be well documented, signed and dated.

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Agreement as to division of expense.

The parties are owners of adjoining tracts of land, A owning lot No. _________ in _________ district and _________ section of county, and B owning a portion of lot of land No. _________ in the district and section. The line between the adjoining tracts is in dispute and in order to settle and establish the line between the adjoining tracts, the parties agree as follows:
1. _________, as surveyor, may run and establish the line by starting at a post oak corner tree common to the corners of _________, _________, and _________, south of the disputed line, and run the line therefrom, allowing the usual magnetic variation, in a north direction to the north line of lots Nos. _________ and _________.
2. The line so run, staked out, and marked by _________ shall be accepted by the parties as the true and correct dividing line between the tracts of land owned by the parties.
3. The parties agree that any expense incident to the running of the line shall be borne equally by the parties to this agreement.