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Shared Access Road Agreement
Document Type
Microsoft Word (Editable)
Pages
4
Price:
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Document Overview
A Shared Access Road Agreement is a legally binding easement instrument by which two or more neighbouring land-owners grant to each other the right to use a common private road (“the Shared Road”) for ingress and egress, and set out their mutual duties for its upkeep, cost-sharing and insurance.
Key Components:
1. Parties and Land Details
2. Recitals/Background
3. Grant of Easement
4. Description of the Shared Road
5. Permitted and Prohibited Uses
6. Maintenance Obligations
7. Cost-Sharing Arrangements
8. Insurance and Indemnities
9. Enforcement and Remedies
10. Registration and Stamping
11. Notices
12. Governing Law and Execution
Purpose:
1. Prevents obstruction or dispute by guaranteeing each owner uninterrupted access over the Shared Road.
2. Ensures that routine repairs are carried out promptly.
3. Defines how each owner contributes to both maintenance works and insurance premiums.
4. Manages Risk and Liability.
5. Provide Enforcement Mechanisms.
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