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If there is a restrictive covenant on your property you may be able to remove it. The first step would be to negotiate with the original developer or landowner to enter into a formal agreement to remove the covenants from the title.
Although this case relates directly to development of property, it is clear that modifying restrictive covenants of any nature or kind is possible if deemed reasonable in the circumstances by the courts, which will of course be determined on a case-by-case basis.
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.
Under what circumstance is a deed restriction most likely to be removed? The only way to have a deed restriction removed is to approach the court with solid proof that a particular restriction is illegal. Unfair deed restrictions can also be removed by the court if proven.
A person who is affected by a restrictive covenant has two options to protect themselves against any action for breaching it: Obtaining insurance cover, known as 'indemnity insurance', in respect of any attempt to enforce the covenant. Seeking a declaration from the Lands Tribunal that the covenant is invalid.
Can I get a restrictive covenant removed? If there is a covenant on your property which is obsolete, you can make an application to the Upper Tribunal (Lands Chamber) (which use to be known as the Lands Tribunal) asking for the covenant to be discharged or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.
Can I get a restrictive covenant removed? If there is a covenant on your property which is obsolete, you can make an application to the Upper Tribunal (Lands Chamber) (which use to be known as the Lands Tribunal) asking for the covenant to be discharged or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.
You will have to obtain consent from any person with a right to enforce the deed restrictions before you can actually remove the restrictions. For example, if your deed restriction applies to or benefits one or more of your neighbors, you will need that neighbor's permission before you can remove restrictions.
Deed restrictions may be given an express lifetime by limiting their duration in the deed. Otherwise, such restrictions will continue until terminated by unanimous agreement between or among affected parties, and by merger in which one landowner acquires the interest of all persons owning subject to the restriction.
The restriction would bring attention to the fact that any proceeds from the sale must first repay the debts before being transferred to the seller. Draft a letter to your lender including your supporting documents requesting them to remove the restriction.