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Leasehold purchase restrictions
Comments
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As you say personal choice. It suits me but my partner would agree with you.
In terms of the decoration of the inside of the house that's a weird one. We have it, too, but, practically it's impossible to police even if anyone wanted to. Many covenants drift away over the years and a consensus develops amongst the residents.
The covenants that get quoted, used are in 99% of the cases ones which are apparent and/or directly effect someone. Sky dishes/commercial vehicles/ running a business from home etc
Have you ever had anyone come in to check the decor?! That's one of the bits that I find the strangest... I said to my solicitor it sounds more like a rental agreement clause!0 -
HannahSnape wrote: »Have you ever had anyone come in to check the decor?! That's one of the bits that I find the strangest... I said to my solicitor it sounds more like a rental agreement clause!
No.
I am a director of our estate and it wouldn't cross our minds to start demanding to see the inside of residents properties. Even if we did we wouldn't have right of entry. And there is no way that you would take it to court to try and force the issue.
That's one covenant I've never got my head round!0 -
Some restrictive covenants can be crazy. I once rented in a block of flats with a similar setup to the one you describe. Renting short term was fine, but I'd never consider buying there. Some stuff made no sense at all: works could be carried out only by contractors within a list approved by the freeholder (what if you don't obey this? Not clear) and works on Saturdays could only be carried out between 8am and noon. If you want to limit the noise, well, 8am on a Saturday is when many people will be resting!
Go through the restrictions with a fine comb and make sure you can live with them. Also, do consider how they'll affect the resale value of the property: you may be fine with those restrictions, but how many of your potential buyers won't?0
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