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Restrictive Covenants on Prospective House Purchase

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    #31
    Originally posted by WTFH View Post
    Have you asked your accountant estate agent?
    Are they obliged to tell me the reason that the sale fell through?

    If not, can't believe it would be in their interests to tell me that the previous prospective buyers had the same concerns as myself. If that was the case.

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      #32
      I 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

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        #33
        Originally posted by Mincepie View Post
        I 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
        If the neighbours don't mind, then you're probably ok. But otherwise, I would assume that as the covenant persists to protect the (contractual) rights of the other residents, that it wouldn't matter whether the developer still exists or not.

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          #34
          IIRC they have to let you know of any 'issues' concerning the property:
          News

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            #35
            Originally posted by SpontaneousOrder View Post
            If the neighbours don't mind, then you're probably ok. But otherwise, I would assume that as the covenant persists to protect the (contractual) rights of the other residents, that it wouldn't matter whether the developer still exists or not.

            My plan is to invite the neighbors to the garden pub opening and get them slaughtered so they cant object

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              #36
              Park a caravan, adapted to serve as a summerhouse, there. If the worst comes to the worst, you can just wheel it across the garden a bit.

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                #37
                Tell them you have the ark of the covenant; and you hate Nazis.

                http://www.cih.org/news-article/disp...housing_market

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                  #38
                  Originally posted by Gumbo Robot View Post
                  In short, my solicitor tells me I can't build any structure within 5 metres of the boundary between me and my neighbour. It's not exactly a huge garden
                  You you took all that into account when you made your offer, right?

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                    #39
                    The trick is to buy an old double decker bus, park it up where you want and have it converted into a summer house or whatever.

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                      #40
                      Originally posted by RetSet View Post
                      You you took all that into account when you made your offer, right?
                      No. I wasn't aware of the issue. Perhaps the vendor should have made me aware of it. I don't know...

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