Originally posted by Gumbo Robot
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Restrictive Covenants on Prospective House Purchase
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No, YOUR solicitor should have made you aware of it during the purchase. -
He has done - I haven't exchanged yet.Originally posted by PurpleGorilla View PostNo, YOUR solicitor should have made you aware of it during the purchase.
It would save all concerned a lot of time, money and stress if these things were declared upfront. That said, still not sure whether I'm actually going to pull out. May use it as a bargaining chip to get 10k off the price.Comment
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I had one on the property I had another house built in the garden. No hedges, no structures etc unless agreed by the builder.Originally posted by Mincepie View PostI have one of these covenants in my property that i snapped up a year ago. Its something about not allowed to build a a structure even temporary (wooden i assume).
The covenant was issued by the company that built that house in the 30s, they went out of business in the 70s. I want to do a shed pub with all the whistles and bells and I concluded that it was a low risk of anyone enforcing it.
If you're worried about how it will effect a future sale get an insurance policy thingy to cover it off and that should do the trick.
You can always knock the summerhouse down as well as a nuclear option
Builder went bust in the 1980s so nobody to ask. A neighbour came up and said I wasnt allowed to, but as there was nobody to complain to I carried on.
To cover issues later from a resale perspective I took out Restrictive covenant Indemnity insurance for about £100 which insures you against later problems. Quite normalWhat happens in General, stays in General.You know what they say about assumptions!Comment
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Restrictive Covenants on Prospective House Purchase
Your call. I would be seriously put off by some tulip like that.Originally posted by Gumbo Robot View PostHe has done - I haven't exchanged yet.
It would save all concerned a lot of time, money and stress if these things were declared upfront. That said, still not sure whether I'm actually going to pull out. May use it as a bargaining chip to get 10k off the price.Comment
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I assume you had planning permission?Originally posted by MarillionFan View PostI had one on the property I had another house built in the garden. No hedges, no structures etc unless agreed by the builder.
Builder went bust in the 1980s so nobody to ask. A neighbour came up and said I wasnt allowed to, but as there was nobody to complain to I carried on.
To cover issues later from a resale perspective I took out Restrictive covenant Indemnity insurance for about £100 which insures you against later problems. Quite normalComment
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Actually, these covenants have raised another issue. I was going to plant a beech hedge on my side of the boundary to get some privacy - I've just written a letter to the neighbours to gauge their response. If it's not positive, I'm out. I wouldn't have even thought of potential boundary disputes from putting in a hedge that Will be maintained at a height of no more than 7 feet.Originally posted by PurpleGorilla View PostYour call. I would be seriously put off by some tulip like that.
Perhaps I should stay in my humble cottage. At least it's live and let live round here.Comment
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Depending on the direction of the sun the neighbour may not want the Beech hedge."You’re just a bad memory who doesn’t know when to go away" JRComment
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They actually rent out that part of the property but I'll find out when I get a reply to my letter.Originally posted by SueEllen View PostDepending on the direction of the sun the neighbour may not want the Beech hedge.
Irony of ironies though, I've just found out the neighbour is a senior partner in a local law firm; the same firm that is handling the conveyancing for my buyer
No wonder they're dotted all the I's etc on those covenants.Comment
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