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Restrictive Covenant On Land Purchase
WMike
Posts: 29 Forumite
Hi Guys,
I hope you can help me, I bought a land around a year ago from local council and this came with restrictive covenant that, I must remediate the land (Contamination issue)within 6 months of purchase, however the consultation process with Environmental agency as well as Council taken almost year.
I have recently sold the land, having breached the covenant, Contracts have been exchanged but after exchange buyers are raising enquiry whether Council will transfer the land to new owner otherwise they will rescind the contract.
Do you think Council can refuse it?
I hope you can help me, I bought a land around a year ago from local council and this came with restrictive covenant that, I must remediate the land (Contamination issue)within 6 months of purchase, however the consultation process with Environmental agency as well as Council taken almost year.
I have recently sold the land, having breached the covenant, Contracts have been exchanged but after exchange buyers are raising enquiry whether Council will transfer the land to new owner otherwise they will rescind the contract.
Do you think Council can refuse it?
0
Comments
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Guys any kind soul could advise me on this?0
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You might have more luck posting on this board http://forums.moneysavingexpert.com/forumdisplay.php?f=160
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Thanks mate. Done0
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