Definition of "Abutting"
The term abutting comes from the verb “to abut” and the definition of abutting denotes more proximity than “adjacent”. Abutting is often used in real estate to discuss properties that don’t have between them any land or specific border to work as a limit. These properties are referred to as abutting properties. The term abutting is not only used when referring to two homes that share a boundary, but people can also use it in case of a home abutting a highway or industrial parks that are abutting a market. The meaning of abutting implies a shared boundary between a fence, a wall of a building, an outer wall of a home, or even a line drawn on the grass.
What is an abutting property?
An abutting building can be a home, townhouse, a high-rise condominium or an apartment complex. In architecture, the term abutting building refers to buildings with exterior walls that touch or are almost touching. They are regarded as abutting properties by building codes, and even when they have a seismic separation they are still regarded as abutting properties.
People make another comparison with the term “neighbor”. Still, while a neighbor can be the person living next door to you or the one from across the street, an abutter (the owner of the abutting property) can only be the one next door to you, but only if you share a common border between the two properties.
One of the requirements of abutting properties is that the expenses of specific projects to be split between the two. The neighbor from across the street, if the road is private or public domain, is not an abutter, but if the street is split between the two property owners, then the owners will split the costs of repairs. This right as well as other rights, regulations and guidelines are drafted in the Abutter’s rights and the owners of the abutting properties need to respect them.
Real Estate Tip:
Start abutting yourself to people who’ll get you where you want to be: a real estate deal! Find a local real estate agent now!
Popular Real Estate Terms
Typically, a waiver means remission or giving up on a particular claim. You can find the term waiver widely used in real life, finance, and real estate terminology. How do waivers work? A ...
Vendee refers to a person to whom something is sold. The meaning of vendee is a buyer of goods and services. A more common term for vendee is a purchaser. While a vendor is a seller, the ...
Broker employed by and therefore loyal to the buyer. ...
Same as term real estate: Also called real property. Anything permanently affixed to the land, such as buildings, walls, fences, and shrubs, as well as the rights to own or use them. It is ...
One who donated or gives a gift or bequest. ...
Unincorporated combination (roll-up) of limited partnerships in a real estate together as a group. It is usually more comprehensive, financially sound, and marketable than individual ...
If escrow is the legal “moment” where assets are held by a third party (an escrow agent) hired by both the buyer and the seller of goods like real estate and insurance until the ...
A mortgage requiring a substantial down payment. It is usually only available to those having good credit, and has fixed monthly payments for the life of the loan. It usually has a 30 year ...
Written obligation of a borrower that is backed by collateral in the event of default. The lender must assure himself that the market value of the security equals or exceeds the amount of ...
Have a question or comment?
We're here to help.