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Watty's Awakening

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Comments

  • <Runs around waving hands in the air at successfully communicating a point without inadvertently causing offence>

    I'm not as anti firework as many on here- I do come from a country where they are in theory banned. I do think it should be confined to one night and official, advertised displays- I've had three nights now of random bangs which is a bit much.

    I also casually wonder if the PPH factor gives you a reason to stay where you are instead of making a big, potentially scary move. As far as I can tell, overage only applies when you get PP so if you really didn't want him to get anything you would have sold the land without it?

  • Greying_Pilgrim
    Greying_Pilgrim Posts: 8,790
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    But wouldn't the fact that an overage is in place affect any potential sale, even if @Watty1 didn't develop the land, nor actively market the land as 'developable'? Plus, does the overage apply to new owners - would they have to pay PPH, if they chose to go ahead with any development (I'm thinking if a building company/developer bought the property, rather than a family wishing to live on a property with land).

    I realise I may have the wrong end of the stick.

    Greying X

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  • daisy_1571
    daisy_1571 Posts: 3,493
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    edited 8 November at 12:53PM

    "usually" an overage is attached to the land and will apply for 10, 20 or 30 years so any future owner within that timescale will be affected. So yes, it might make anyone think twice if there is an ongoing overage even if they only wanted to buy the field for their own horses.

    It is often put on the land when someone sells a field or bit of garden ground to a new owner who says they want it for themselves but the original owner feels there is a chance it will be acceptable to be built on at some point and they want a share of the potential profits to be made. I don't think I've seen one longer than 30 years

    I used to work in land registry so saw them occasionally but obviously I only saw officially registered ones - I'm not even sure if there are private ones between two individuals that wouldn't have been attached to the title deeds, I was just wondering.

    22: 3🏅 4⭐ 23: 5🏅 6 ⭐ 24 1🏅 2⭐ 25 🏅 🥈2⭐ 26 2🥈 Never save something for a special occasion. Every day is a special occasion. The diff between what you were yesterday and what you'll be tomorrow is what you do today Well organised clutter is still clutter - Joshua Becker If youre not already using a thing you won't start using it more by shoving it in a cupboard- AJMoney The barrier standing between you & what youre truly capable of isnt lack of info, ideas or techniques. The secret is 'do it'
  • rtandon27
    rtandon27 Posts: 7,297
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    @Watty1 - if you can bear another opinion from one of your clan, I'd personally pick the option that causes the least angst. Peace of mind and soul are worth more than any amount of moola!

    4 YEARS 10 MONTHS DEBT FREE!!! (24 OCT 2016)
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  • daisy_1571
    daisy_1571 Posts: 3,493
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    Very good plan slinky

    22: 3🏅 4⭐ 23: 5🏅 6 ⭐ 24 1🏅 2⭐ 25 🏅 🥈2⭐ 26 2🥈 Never save something for a special occasion. Every day is a special occasion. The diff between what you were yesterday and what you'll be tomorrow is what you do today Well organised clutter is still clutter - Joshua Becker If youre not already using a thing you won't start using it more by shoving it in a cupboard- AJMoney The barrier standing between you & what youre truly capable of isnt lack of info, ideas or techniques. The secret is 'do it'
  • Slinky
    Slinky Posts: 12,087
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    Any news Watty?

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