Having a house of one’s own has become the need of the hour, with more and more people getting a house for them-self. There are several steps that one has to go through before they are able to get the property. If you are someone who is looking to buy a new property or make modifications to the old one. Make sure that you have all the clearance to go ahead with the construction or renovation. Restrictive Covenant In Melbourne is one such key area that requires you to have a clear understanding of. It is thus important that you know the importance of Covenants and how it can impact your property.

Understanding Restrictive Covenant In Melbourne

A restrictive covenant is a legal agreement between the two parties dealing with buying the land. It is an agreement between the two parties restricting the usage of the land in a particular manner. This agreement does not get dissolved on buying or selling the property. It is something that gets transferred with the ownership title. It can only be removed after filing for it with the concerned authorities. During the sale of the property, it is mandatory to disclose if any Restrictive Covenant In Melbourne exists on the property. The key aspects included in the covenants are the number of houses that can be built, the height of the buildings, and the usage of the land for a particular reason.

Key Restrictions of a Covenants

A Restrictive Covenant In Melbourne plays an important role in limiting the ways in which a land can be used. This covenant is something that transfers with the ownership titles. While it can be removed through proper filing, it does not expire over time. Some of the major restrictions are:

• Because of the restriction, you are not allowed to build more than a particular number of properties. This helps prevent the subdivision of the land in the long run.
• It is also important to restrict the materials used in building the property. This restricts the use of certain materials in the building process.
• There will be certain properties with restrictions on building properties with more than one storey, keeping the types of land in mind.
• A restrictive covenant on the property also prevents the building of fences of a certain height around the property.

Impact of Restrictive Covenants

When it comes to making plans on your property, it is important to know about the covenants. This will help you know how the restrictive covenants can impact your plans. It is not necessary that the covenants will hinder your plans. If you intend to use the land in a particular way and it falls in line with the limitation of the covenant, you do not have to worry. But on the other hand, if you have plans for multi-storey buildings or other plans, a restrictive covenant can be a major obstruction. It is thus important to understand all that is there to know before buying a land. Though there are ways to remove the Restrictive Covenant In Melbourne, it becomes a lengthy process to get them removed.

Are you looking to buy a property or make new renovations? Not sure if you have a restrictive covenant? Get help from the professional Restrictive Covenant In Melbourne to sort out your problems. With expert guidance, you will be able to make the necessary changes. If you are still not sure about the restrictive covenants, get in touch with the experts at Greater Melbourne Surveyors. With a team of highly knowledgeable experts, you will be able to make your future plans and use the property just the way you want to. They will also make the necessary changes to meet your requirements.