A feudal real estate system, fitting for a feudal country which still has a monarchy, despite recent scandals proving how coming out of a royal vagina does not make you a better person…
jarry1250 on
The article doesn’t address if they are freehold or leasehold covenants, but it’s unlikely any of this would stand up in Court. It’s just an attempt but the new owner to get some quick cash.
Cam2910 on
That’s an interesting one.
On the one hand, covenants are there and agreed upon during sales, they kind of need to be binding in most instances, so invalidating these could set a precedent for other more important covenants.
On the other, what an absolutely predatory way of going about fleecing unsuspecting homeowners of thousands of pounds.
RightSaidJames on
The point of these modification-related covenants is to protect the developers’ investments while they’re still building up the estate and selling off the outstanding properties. Once the developer has skipped town, covenants related to keeping all the properties looking uniform should be considered irrelevant.
SushiRollFried on
Yeh this is typical of developers. Thats why you should always seek independent legal advice. Don’t get screwed over
PerLin107 on
That sucks. They should.get group legal representation. Don’t undeetand why the homeowners were not made aware of the covenants upon purchase as they seem.quite onerpus or maybe they thought that they didnt apply to them.
6 commenti
A feudal real estate system, fitting for a feudal country which still has a monarchy, despite recent scandals proving how coming out of a royal vagina does not make you a better person…
The article doesn’t address if they are freehold or leasehold covenants, but it’s unlikely any of this would stand up in Court. It’s just an attempt but the new owner to get some quick cash.
That’s an interesting one.
On the one hand, covenants are there and agreed upon during sales, they kind of need to be binding in most instances, so invalidating these could set a precedent for other more important covenants.
On the other, what an absolutely predatory way of going about fleecing unsuspecting homeowners of thousands of pounds.
The point of these modification-related covenants is to protect the developers’ investments while they’re still building up the estate and selling off the outstanding properties. Once the developer has skipped town, covenants related to keeping all the properties looking uniform should be considered irrelevant.
Yeh this is typical of developers. Thats why you should always seek independent legal advice. Don’t get screwed over
That sucks. They should.get group legal representation. Don’t undeetand why the homeowners were not made aware of the covenants upon purchase as they seem.quite onerpus or maybe they thought that they didnt apply to them.