Sharing a private street with your neighbors can be a great way to keep everyone calm – if you`re doing your homework. “Ordinary evolution, unless you have a little scum, whoever does it will have provisions related to street maintenance,” says Richard E. Glaze, a real estate lawyer in Winston-Salem, North Carolina. “If there are no maintenance rules, you`re in trouble.” The example above is not so scary, but what if you find a home in a small community, on a rural road or on a gravel/dirt road? Often there is no link and there is no agreement for road maintenance. David Plott, an engineer and former public planning consultant, proposes that neighbours meet in situations without a private road maintenance agreement to find common ground and recognize that a quality street will increase the real estate values of all. “Have a big party together and do it,” he says. “I insist on the whole game. It`s got to be everybody. The biggest problem arises when there is no private road agreement. Worse still, the idea of getting about 40 landowners to sign an agreement before closing.
Fortunately, there are some possible solutions to this problem: the administration of veterans is stricter than the FHA on private roads. Chapter 12 of the VA Manual states that “private roads must be protected by a sustainable facility and maintained by a owners` association or a common maintenance contract.” There are time bombs in the process of buying a home that can explode in the last hour without preparation. Such a dreaded last-second request sounds like, “Please send us the private road maintenance contract for this road.” Too often, there is no maintenance contract. Then begins the fear with the idea of putting 40 owners on the street to sign an agreement in the next 24 hours. The courtist is then in danger. If you are a real estate agent or mortgage lender, you have experienced this. As a general rule, large municipalities already have a road maintenance contract. In addition, they have an HOA that more than likely maintains the roads. HOA members pay an HOA fee, and a portion of the costs are for road maintenance and repairs, but these are the simple fees.