{"id":5054,"date":"2017-06-25T23:00:54","date_gmt":"2017-06-25T23:00:54","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/understanding-restrictive-covenants\/"},"modified":"2017-06-25T23:00:54","modified_gmt":"2017-06-25T23:00:54","slug":"understanding-restrictive-covenants","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/understanding-restrictive-covenants\/","title":{"rendered":"Understanding restrictive covenants"},"content":{"rendered":"

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Building a house involves countless decisions about fixtures, finishes and fabrications, but owners need to ensure a new home follows the rules set out in its covenant.<\/strong><\/p>\n

What is a restrictive covenant?<\/span><\/h2>\n

Covenants \u2013 referred to as \u2018estate covenants\u2019 in housing<\/a> estates \u2013 place restrictions on how a home owner can use or alter their property.<\/p>\n

They can relate to big picture things like the number of homes on a block or the style of house or finer details, such as the type of fence or letterbox allowed.<\/p>\n

They are legally binding and can be enforced by local councils.<\/p>\n

\"Mandalay<\/p>\n

Estate covenants are designed to create uniformity when it comes to the look of a neighbourhood. Picture: Getty<\/p>\n<\/div>\n

Real Estate<\/a> Institute of Victoria president Joseph Walton says covenants are usually put in place to create a desired \u201clook and feel\u201d in a housing estate or neighbourhood.<\/p>\n

\u201cCovenants are legally binding and enforceable and can apply to any property, not just those in new housing estates,\u201d Walton says.<\/p>\n

Details about what is and isn\u2019t allowed under a property covenant is recorded on the Certificate of Title and included in the vendor\u2019s Section 32 statement.<\/p>\n

Covenants cover a vast range of property characteristics, from front fences, building set-backs, building heights and even materials.<\/p>\n

\u201cThey can also restrict the number of dwellings and use of a property, in an effort to protect the local environment,\u201d Walton says.<\/p>\n

Generally speaking, covenants don\u2019t cover agreements between sellers and buyers that are personal to them.<\/p>\n

\u201cCovenants affect the title of a property, with the obligations of a restrictive covenant passed onto transfers of title,\u201d he says.<\/p>\n

\u201cCovenants last a very long time, even after the need for having them in the first place has long passed. They can be enforced by local councils and property owners whose properties benefit from having the covenant,\u201d Walton says.<\/p>\n

Covenants still apply on re-sale, so it\u2019s imperative potential buyers inspect the Section 32 to find out if one applies to the property they are considering buying.<\/p>\n

\n <\/p><\/div>\n

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Realestate.com.au <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[ad_1] Building a house involves countless decisions about fixtures, finishes and fabrications, but owners need to … Understanding restrictive covenants<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5055,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[981,1403,12908,543,127,617,344,1442,258,1007,41,818,61,17],"class_list":["post-5054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-a-house","tag-buy","tag-home","tag-home-buying-guide","tag-homes","tag-house","tag-housing","tag-in-housing","tag-new-home","tag-owners","tag-property","tag-real","tag-seller","tag-vendor"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1501,"url":"https:\/\/amazingproperty.com.ng\/blog\/watch-out-for-deed-restrictions\/","url_meta":{"origin":5054,"position":0},"title":"Watch Out for Deed Restrictions","author":"Amazing Property","date":"March 2, 2017","format":false,"excerpt":"[ad_1] Deed restrictions can bring nasty surprises to homeowners looking to remodel or even when buying a home. 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