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Tag: Restrictive Covenant

Impact of Getting Services for Restrictive Covenant In Melbourne

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.

All You Need To Know About Restrictive Covenant And How Legal Services Help

Restrictive covenant is not just a term but an entire concept that an individual must understand. If you detect a covenant registered on the Title while you are looking forward to a new property or planning to develop an existing one it would have an impact on your property. So, let us understand moire about a restrictive covenant in Melbourne and understand how licensed surveyors can help.

Concept of Restrictive Covenant

A restrictive covenant in Melbourne or elsewhere is a legal contract that puts limitations on the use of a single parcel of land. It is an agreement between parties and puts limitations on the use of a single parcel of land for the benefit of the other. The contract is thus formed in a way that puts restrictions on the use of a particular property. Once the party enters into the contract, the agreement is registered on the Title and is not removed once you purchase a property. If you have a property with such an agreement, it must be disclosed while you are selling it.

General Restrictions included in a restrictive covenant

Restrictive covenants impose several conditions, and here is a list that includes some of them:

  •    This agreement prevents subdivision of land. So, you cannot develop more than one property on the parcel of land.
  • This agreement would put limitations on the choice of materials that can be used to build the walls of the building in the property.
  • This agreement only allows the construction of a single-storey dwelling on the parcel of land.
  • This agreement defines the acceptable fence height.

 What is Removal of Restrictive Covenant

Licensed professionals can conduct a legal process known as the removal of a restrictive covenant. It eliminates the limitations and restrictions imposed on a property by the covenant. When legally binding agreements become a significant obstacle during development, renovation, or changes in land use, these professional services can help in the removal of restrictive covenants.

Experienced licensed surveyors can assist property owners and developers in navigating through the complexities of these legal constraints. So, whenever you are looking to modify your property or undertake a new development, licensed surveyors can facilitate the smooth and successful removal of restrictive covenants in Melbourne.

How Can Removal of Restrictive Covenant in Melbourne Help?

Restrictive covenants put restrictions on a range of activities like building height, land subdivision, single dwelling and more. The removal of restrictive covenants can help property owners to use their investments to the fullest. When property owners wish to develop their land, the removal of restrictive covenants opens up possibilities to utilise their land more. Property owners enjoy the freedom to modify and improve their space, which can increase the value of their property. With the removal of a restrictive covenant in Melbourne, property owners can take up the development or renovation process more efficiently. Finally, when the potential of land is unlocked, it also helps in financial growth.

Removal of restrictive covenant in Melbourne is however a tricky and legal process. It requires the involvement of licensed professionals and hence it is best to be given to professional who are well versed with the intricacies and can successfully navigate through the process.

Bottom Line

Greater Melbourne Surveyors can provide professional assistance with the removal of a restrictive covenant in Melbourne. We have our network of legal professionals to assist you through the entire process. Get in touch with our experts for the removal of restrictive covenant in Melbourne and make the most of your property’s investment today!