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GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
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50% - Moderately
50% - Moderately
Agreed Boundary
Synonyms: | border, perimeter, property line, rim |
Filed Under: | legal-contracts, real-estate |
Tags: | contract, legal, realty |
Definition of agreed boundary
- agreed boundary
- 1. In the event of a dispute between neighbouring property owners, property lines or an agreed boundary can be drawn to settle the dispute.
Related Terms and Acronyms:
- boundary The line dividing adjacent properties.
- encroachment An improvement, such as a fence, that illegally extends onto another property or impedes the neighbour's use of that property.
- metes and bounds A surveyor's legal description of a parcel of land, defined by measurements and angles.
- property report A legal disclosure that developers of timeshare properties are required to give to prospective buyers.
- real property Permanent, non-movable property, such as land and buildings.
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survey (srvy)
A map executed by a licensed surveyor, which sets down precisely the boundaries of a given property as well as improvements, references to known landmarks, and the property's notable features.
➥ As in surveyed land.
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