When it comes to real estate transactions, one of the most important concepts to understand is the concept of lateral support. This concept is integral to the legal rights and obligations of all parties involved in a real estate transaction, and is especially important when it comes to boundaries.
Put simply, lateral support is the right of landowners to receive support from surrounding land. The concept of lateral support exists to ensure that no landowner experiences significant hardship because of the construction of buildings or other works on the lands of an adjoining owner.
What Does Lateral Support Mean in Practice?
The concept of lateral support helps to ensure that when one landowner constructs a building or other works on their land, the structures or works will not threaten the strength and stability of the adjoining properties, potentially causing their damage. Furthermore, it allows adjoining landowners to insist on appropriate protective measures to safeguard their properties.
For example, if one landowner was constructing a large building on their property, they would have an obligation to the neighbouring landowner to ensure that the construction of this building does not interrupt the flow of water or affect the stability of the land. Otherwise, the adjoining owner would have the right to seek damages due to the lack of lateral support.
Why Is Lateral Support Important?
When it comes to real estate transactions, the requirement for lateral support is of immense importance. The lack of it can result in serious disputes between land owners and can even lead to legal action being taken. As such, all parties to a real estate transaction must consider lateral support when agreeing to the transaction.
Understanding lateral support is an essential component of taking part in a real estate transaction, and ensuring that the rights and obligations of all parties involved are respected. Without it, any transaction could potentially result in serious, and expensive legal disputes.