Release Of Covenant For Leasehold
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How to fill out Release Of Covenant For Leasehold?
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FAQ
The short answer is that you can apply to the courts for an order that the restrictive covenant be amended or removed for title to your property. The authority for this application is section 35 of the Property Law Act.
If there is a covenant on your property which is obsolete, you can make an application to the Upper Tribunal (Lands Chamber) (which use to be known as the Lands Tribunal) asking for the covenant to be discharged or modified.
What fees will I have to pay? The Lands Chamber is required by law to charge fees. The fee for lodging an application to discharge or modify restrictive covenants is £880. The fee for hearing an application is A£1,100, but this is reduced to A£275 if the Tribunal determines the application without a hearing.
To do this, you'll need to apply to remove the restrictive covenant. An application to remove or modify the restrictive covenant can take between 18 and 24 months to go through. If the party controlling the covenant can still enforce the ruling, consider negotiation, but be prepared for them to want compensation.
There are three main ways to remove/vary a covenant:Applying to the Supreme Court.Amending the planning scheme; and.Applying for a planning permit.
