Purchasing waterfront property can seem like a dream, but if you aren't careful, the legal issues associated can make ownership more of a nightmare. Issues with your neighbors, homeowners association, or the state can abound if you aren't keenly aware of what restrictions and responsibilities are associated with your property.
If you are considering purchasing, the best thing that you can do is become familiar with basic legal terms associated with waterfront property law, and to secure an attorney who can help you navigate the complex and state-specific laws surrounding.
There are a few basic terms and issues that are common to all property law.
Waterfront Legal Terms
• Littoral property - littoral is a term that refers to a property of which at least one boundary line is consist of an ocean, inlet, or lake. Just because a property might be oceanfront or lakefront does not necessarily mean that the property is entitled to the rights and responsibilities of the water. A property must maintain the waterline as a boundary to be considered truly waterfront, or littoral property.
• Riparian property - riparian property refers to property that maintains a creek or river as a boundary line. Again, the water must be a boundary line in order for the property owner to have waterfront rights to the creek or river.
• Conservation Easements - Some may be subject to standing conservation easements. Conservation easements are meant to limit human impact on a piece of land. Easements may restrict a property owner's ability to further develop or alter a property.
Waterfront Property Issues
If you are considering purchasing waterfront property, you need to know the restrictions that might be placed on the land, either by a homeowners association or by your state government. You may have certain rights, like building and maintaining a pier. You may also be subject to certain responsibilities, such as preventing erosion or not altering the waterfront boundary. When you own a true waterfront property, your boundary line may be constantly changing and in the case of a natural disaster or erosion, you could lose your lot altogether.
Your waterfront property may come with a long list of restrictions, such as prohibited additions or second stories added to homes. The public or, if you live in a restricted development, other community members may have access rights to your waterfront.
Before you purchase waterfront property, you should talk with an attorney specializing in real estate law, preferably one who ทาวน์เฮ้าส์มือสอง has experience with the laws affecting waterfront property. Such an attorney will be able to help you understand what restrictions and rights your potential property might come with.
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