Party Wall Act compensation – hire qualified surveyors for effective award
The Party Wall Act, 1996 regulates the prevention and dispute resolution clauses related to party walls. It includes boundary walls and excavations. Before the Act came into existence, the owner had no liability to pay any compensation to the adjoining owner or occupier during normal consequences of work, especially if the same is lawfully executed and followed the party wall award clauses. However, the same was overturned by the Party Wall Act, 1996. Therefore, many responsibilities have been assigned to party wall surveyors now who need to address whether the occupiers and owners in the adjoining properties will suffer financial losses or not due to the awarded work and, therefore, include a way to compute for the losses. The Party Wall Act compensation considers the losses that arise from work that has been executed in pursuance of the Act and does not take into account losses due to building contract as a whole. A surveyor is a person who specializes in resolving disputes arisin