RICS opens consultation on party wall guidance update
Original Article Summary
The Royal Institution of Chartered Surveyors has opened an eight-week consultation on the draft 8th edition of its Party Wall Legislation and Procedure guidance. The updated guidance aims to support competence and consistency for professionals working under the Party Wall etc. Act 1996 in England and Wales. The post RICS opens consultation on party wall guidance update appeared first on PropertyWire.
PropMatch Curated Analysis
RICS is consulting on updated party wall guidance to improve professional standards and address issues with disputed awards and jurisdiction. The changes could affect dispute resolution processes and project management for property developers and homeowners undertaking works near shared boundaries.
Investor Relevance
This matters to property investors and developers as party wall procedures are commonly required for extensions, renovations, and new developments in urban areas. Updated guidance on dispute resolution and professional standards could affect project timelines, costs, and the reliability of party wall awards.
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