What Is Party Wall Agreement?
A party wall agreement is a legal agreement between owners of adjoining properties — common with townhomes and rowhouses — governing shared responsibility for a wall on or near the property line.
Why it matters
It typically covers cost-sharing for repairs and rules for future construction or renovation touching the shared wall, and should be reviewed before any renovation near a shared wall.
Related Terms
More Owning Terms
This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
Understand a property's costs and risks before you make an offer
Use the free calculator for your own numbers, or analyze a specific home before you commit.
Or analyze a specific property: Essential Property Analysis, $19 · Property Decision Analysis, $49 · Professional Property Analysis, $99. You choose the depth before you pay.