Deed of variation for land management fees

Stormywater

Hi, the house that I am in the process of buying has a land management fee for the local green areas that all local residents are contracted to contribute to annually. There is a clause in the deeds that allows the management company to reclaim monies not paid from the property. As this is not something that mortgage lenders like a deed of variation has been requested. The management company have already had the request for a number of weeks but yet to respond. My question is has anyone else had this experience and how long did it take to resolve, were you successful in obtaining a DOV? The only other option is an indemnity policy but I have concerns that when I come to sell in the future I will have a problem if a buyer isn’t comfortable with an indemnity policy because to be honest I am not really! My own buyers are getting quite impatient as we are ready for exchange, really looking for light at the end of the tunnel!

Petert88

Hi there OP, I know a little time has elapsed since your post, but I'd be very keen to hear what happened if you didn't mind elaborating? 

We are in exactly the same situation but as a seller rather than as a buyer (i.e. our house is a former new build and our buyer has requested a deed of variation)

How long did it take to resolve? Did it all go ok in the end?

Thanks,
Pete

Taylor1998

Hi we are now also in this same situation as the sellers. Did either of you manage to resolve this? If so how long did it take? 

Thanks 

MWT

Taylor1998 said:

Hi we are now also in this same situation as the sellers. Did either of you manage to resolve this? If so how long did it take? 

Thanks 

One post each and not active here for 3-4 years so I wouldn't be too hopeful of an answer...