Geo
Trader - Funster
- Jul 29, 2007
- 11,757
- 14,565
- Funster No
- 35
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- Exp
- 45 +years with breaks
Can't really find a forum where this question fits so excuse me for posting here
No 2 Son reaching the near end of a Freehold house purchase, has just been presented with a covenant that says a yearly fee is payable to a Land Managment Company for the maintenance and up keep of common areas, paths ,grass cutting and childrens park play equipment on this estate he's buying into.
What is this all about? is it the councils passing on or avoiding extra costs when granting planning consent for new housing estates, what are the owners paying council tax for ? do they pay a lower rate because they also pay the "Land Managment Company"
How does it work ? is it the way things are going now? is it the norm
He doesnt like it and is thinking of pulling out even though he will loose a bundle in solicitors fees
should this info not be disclosed up front in the advertising bumpf, not at the end when contracts are to be signed and money spent with solicitors
where not talking huge amounts here currently they say £150 this year, but the legal jargon as i read it places no upper limits on what they can charge, if they feel new equipment and paths are needed they simply divide the costs between the number of home owners on the estate
Anyone out there with experiance of such schemes as I have none I cant advise other than to point out the obvious the cash he will loose calling it all off would pay these fees for aprox 7 to 8 years if they dont rise, its theIF they dont bit he cant seem to live with
G
PS if this was a Private gated community I, and I think he could live with this, but its not its an ordinary open to all bog standard new housing estate built on old mining property
No 2 Son reaching the near end of a Freehold house purchase, has just been presented with a covenant that says a yearly fee is payable to a Land Managment Company for the maintenance and up keep of common areas, paths ,grass cutting and childrens park play equipment on this estate he's buying into.
What is this all about? is it the councils passing on or avoiding extra costs when granting planning consent for new housing estates, what are the owners paying council tax for ? do they pay a lower rate because they also pay the "Land Managment Company"
How does it work ? is it the way things are going now? is it the norm
He doesnt like it and is thinking of pulling out even though he will loose a bundle in solicitors fees
should this info not be disclosed up front in the advertising bumpf, not at the end when contracts are to be signed and money spent with solicitors
where not talking huge amounts here currently they say £150 this year, but the legal jargon as i read it places no upper limits on what they can charge, if they feel new equipment and paths are needed they simply divide the costs between the number of home owners on the estate
Anyone out there with experiance of such schemes as I have none I cant advise other than to point out the obvious the cash he will loose calling it all off would pay these fees for aprox 7 to 8 years if they dont rise, its theIF they dont bit he cant seem to live with
G
PS if this was a Private gated community I, and I think he could live with this, but its not its an ordinary open to all bog standard new housing estate built on old mining property