Lot line adjustments are, very simply, when a boundary line is adjusted. We, at Signature, are uncovering many instances where lot line adjustments are not being completed. We often find that survey/plan revisions are being recorded without the necessary deeds being transferred or partial releases being obtained. In most cases, deeds are needed to complete the adjustment in order to properly identify, on record, the newly created boundaries. Additionally, if there is a mortgage on any of the lots involved, partial releases need to be obtained from the mortgage holder and recorded at the registry of deeds.
Steps needed to complete a lot line adjustment:
• Record the new plan
• Prepare and record deeds to properly transfer and identify the properties involved
• Obtain and record Partial Releases from mortgagors, if any, affecting the subject properties