Business, Legal & Accounting Glossary
v. to build a structure which is in whole or in part across the property line of another’s real property. This may occur due to incorrect surveys, guesses or miscalculations by builders and/or owners when erecting a building. The solutions vary from giving the encroaching party an easement or lease (for a price, usually) for the lifetime of the building, or if the structure is small, actually moving it onto the owner’s own property.
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This glossary post was last updated: 27th April, 2020 | 0 Views.