Section 58 – Account of expenses

London Building Act (Amendment) Act 1939

(1) Within two months after the completion expenses. of any work executed by a building owner of which the expenses are to be wholly or partially defrayed by an adjoining owner in accordance with section 56 (Expenses in respect of party structures) of this Act the building owner shall deliver to the adjoining owner an account in showing:

(a) particulars and expenses of the work; and

(b) any deductions to which the adjoining owner or any other person is entitled in respect of old materials or otherwise;

and in preparing the account the work shall be estimated and valued at fair average rates and prices according to the nature of the work the locality and the cost of labour and materials prevailing at the time when the work is executed.

(2) Within one month after delivery of the said account the adjoining owner may give notice in writing to the building owner stating any objection he may have
thereto and thereupon a difference shall be deemed to have arisen between the parties.

(3) If within the said month the adjoining owner does not give notice under subsection (2) of this section he shall be deemed to have no objection to the account.

London Building Act (Amendment) Act 1939