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
Listing of real estate property done without any effort an the part of the real estate broker. An example is when a homeowner calls the real estate brokerage firm on his own without having ...
Intentionally misstated or undisclosed facts, statements or representations. Misrepresentation is a form of fraud which could lead to cancellation of a contract or other liability. For ...
Ratification is typically required when an individual makes a decision. Still, they don’t have the legal authority to make it legally enforceable. In everyday discourse, ratification ...
Exposure can have various meanings in real estate and insurance, depending on the context. Let’s have a thorough look at these scenarios! Exposure as property’s ...
Financial statement with amounts or other information that are completely or partially assumed. The assumptions supporting the amounts are usually provided. The statement may be prepared in ...
Structure of prefabricated units. ...
Commissions received by a syndicator when real property is sold. The fees typically occur after the investors receive their initial investment plus the specified return. ...
Real annual return on a real estate investment. It equates the initial investment with the present value of future net cash inflows from the investment. The IRR can be determined by using a ...
Supports a structure. ...
Have a question or comment?
We're here to help.