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The RICS (Royal Institution of Chartered Surveyors) is a professional body that provides guidance and standards for professionals in the construction and property industries. One of their key areas of expertise is party wall agreements.

A party wall agreement is a legal document that sets out the rights and obligations of property owners when they share a wall or boundary with another property. This could be in the case of a loft conversion, building an extension, or other construction work that affects the party wall.

The RICS draft party wall agreement is an important document that property owners should consider when carrying out building work that affects a party wall. It provides a clear framework for resolving disputes and protecting the interests of all parties involved.

The draft agreement includes important information such as the scope of the building work, the rights and obligations of both parties, and the procedure for resolving disputes. It is important to note that the RICS draft agreement is not a legal document, but can be used as the basis for a legally binding agreement.

Using the RICS draft party wall agreement can help property owners avoid costly legal disputes and ensure that their building work is carried out in a legal and professional manner. It is recommended that property owners seek the advice of a qualified surveyor or legal professional when entering into a party wall agreement.

In conclusion, the RICS draft party wall agreement is an essential document that any property owner carrying out building work that affects a party wall should consider. By using this comprehensive agreement as a framework, property owners can avoid disputes and ensure that their building work is carried out in a professional and lawful manner.