Archive for the ‘Party Wall Security for Expenses’ Category

Security for expenses part 2 – Forms of security

August 07, 2014  |   Party Wall Blog,Party Wall Security for Expenses   |     | ?>

In my last post I looked at a possible limit on the ability for the adjoining owner to request security for expenses under section 12 of the Party Wall etc. Act 1996 (“the 1996 Act”). Turning now to the form of security, this is not prescribed. The Oxford English Dictionary defines “Security” in this context as:- “A thing deposited or pledged as a guarantee of the fulfilment of an undertaking or the repayment ...

Security for expenses part 1 – Types or work

This is the first of two posts that look at Security for Expenses and, in particular the type of works for which security may be available and the forms in which the security may take. Under section 12 of the Party Wall etc. Act 1996 (“the 1996 Act”) the adjoining owner may serve a notice on the building owner requiring them to give security for expenses. The methods of giving security is not prescribed in the ...