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Security for adjoining owners under s.12(1) of the Party Wall etc Act: What is it really all about?
It is becoming increasingly more common for adjoining owners to require security in accordance with section 12(1) of the Party Wall etc. Act 1996, yet its application is often misunderstood. What should be a relatively straightforward process is frequently misused by owners and surveyors. This paper is intended to guide surveyors through the entire process, identifying what security is, when it should be required, how it should be administered, what it can include, the form it can take, how it should be released and illustrating the complexities often encountered.
The full article is available to subscribers to the journal.
James Lewis BSc (Hons) MRICS FFPWS is Managing Director of James Lewis Surveyors Ltd and specialises in party wall-related matters. He qualified as a Chartered Surveyor in 1998 and is a member of the Pyramus & Thisbe Club and a Fellow of the Faculty of Party Wall Surveyors (Chairman of the Surrey branch).