![]() ![]() ![]() One of them is related to how and when that part of the neighborhood came into being. The lines that denote one’s property depend on a few different factors. So, let’s see who’s in charge of creating and marking them. You’re now familiar with the background story of boundary lines and why they matter for your property. Who Is Responsible for Determining the Property Lines? Not to mention, your mortgage lender and the insurance company will ask for insights into your property lines as part of setting the terms of your agreement. And it’s important to know to what extent you can plan to build, for example, a swimming pool, balcony, or anything else that comes to mind. Often, new property owners would want to build something in their front or backyard. The second reason would be planning and completing projects. You should learn to respect your neighbor’s private space-and, hopefully, they will respect yours in return. Well, knowing the lines of your property is important for several reasons.įor one, you should know the boundaries of your home-whether leased or purchased-to avoid potential legal disputes concerning common land or issues with next-door neighbors. Why Is It Important to Know the Property Lines? But either way, you must know where your property boundaries are. Sometimes, property lines are obvious and clearly visible-highlighted by roads, fencing, or a ditch-but other times, they’re invisible. It applies to homes, apartments, condos, or any other dwelling units that are either leased or owned by an individual, business, or institution.Īnd in the case of a property located in the immediate vicinity of a public street, the lines will be located as close as possible to the public right of way. ![]() Property lines represent the real or imaginary line that denotes the legal limits of property, marking where it begins and ends. Here’s one definition that sums it up nicely: However, it’s essential to note that the meaning is pretty much the same. ![]() In real estate, there are many different definitions that explain the core-and importance-of property lines, also known as boundary lines. What Are Property Lines in Real Estate?įirst, we should take a moment to define property lines. And by that, we mean who is responsible for determining them and how to find them on your soon-to-be-bought or sold property.īecause even the smallest discrepancies regarding boundary lines could quickly grow into costly mistakes. They are some of the basic issues that we will address today, so make sure to stay until the end of this article. What every real estate investor, and future homeowner, should know here are the real estate basics of property lines. They’re visible to the naked eye (often in the form of a fence) and carry a dose of importance when it comes to the law and respect for another’s property. In essence, the lines of the property represent the limits to which your real estate investment extends.
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