What is the limitation period for varying or replacing a property agreement?

The limitation period for varying or replacing a property agreement is typically based on the time frame within which a party must discover the grounds for their application. This reflects the time allowed for a person to initiate legal action after becoming aware of the relevant circumstances that would justify the variation or replacement of such an agreement.

In family law, this often involves considerations like undue influence, duress, or other factors that may not have been evident at the time the agreement was made. By allowing two years from the discovery of these grounds, the law aims to balance the need for legal certainty with the rights of individuals who may have been wronged in the original agreement.

The other options reference different time frames that do not align with the recognized standard in this legal context. The one year, three years, and five years options do not accurately capture the legal principle guiding the limitation period for challenges to property agreements based on the discovery of new relevant information. Using the two-year period after discovering the grounds acknowledges the need for flexibility while still providing a limit for claims, thus ensuring parties have a clear understanding of their rights and obligations following a property agreement.