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    Anwohner der Bexhill Road, die für 1 Pfund gekauft wurden, müssen nun mit einer Strafe in Höhe von Tausenden rechnen – BBC News


    Anwohner der Bexhill Road, die für 1 Pfund gekauft wurden, müssen nun mit einer Strafe in Höhe von Tausenden rechnen – BBC News

    https://www.bbc.co.uk/news/articles/cddqry9zrl6o

    Von CasualSmurf

    View 11 Comments

    11 Kommentare

    1. not_who_you_think_99 on

      A feudal real estate system, fitting for a feudal country which still has a monarchy, despite recent scandals proving how coming out of a royal vagina does not make you a better person…

    2. jarry1250 on

      The article doesn’t address if they are freehold or leasehold covenants, but it’s unlikely any of this would stand up in Court. It’s just an attempt but the new owner to get some quick cash.

    3. Cam2910 on

      That’s an interesting one.

      On the one hand, covenants are there and agreed upon during sales, they kind of need to be binding in most instances, so invalidating these could set a precedent for other more important covenants.

      On the other, what an absolutely predatory way of going about fleecing unsuspecting homeowners of thousands of pounds.

    4. RightSaidJames on

      The point of these modification-related covenants is to protect the developers’ investments while they’re still building up the estate and selling off the outstanding properties. Once the developer has skipped town, covenants related to keeping all the properties looking uniform should be considered irrelevant.

    5. SushiRollFried on

      Yeh this is typical of developers. Thats why you should always seek independent legal advice. Don’t get screwed over

    6. PerLin107 on

      That sucks. They should.get group legal representation. Don’t undeetand why the homeowners were not made aware of the covenants upon purchase as they seem.quite onerpus or maybe they thought that they didnt apply to them.

    7. CreditBrunch on

      Apparently the covenants are being imposed due to being “approached by relevant parties, including prospective purchasers, sellers, mortgage lenders, conveyancers, and solicitors”.

      But 10 of the properties targeted aren’t even for sale.

      This is basically a get-rich-quick loophole this company has found.

      Just legalised extortion by conscience-free people.

    8. Overall_Gap_5766 on

      Covenants on housing estates are insane. There’s no possible justification for them.

    9. Mantis_Tobaggon_MD2 on

      Interesting how a dormant company which has had £1 of share capital since incorporation was able to put land for [auction](https://www.chesterstandard.co.uk/news/24256379.knutsford-plot-land-cranford-avenue-market-7-5k/).

      Edit – In that article the company director Fraser Karlsen notes that ‚Asset Invest own over 2,300 titles throughout the UK‘. How did they pay for these if not through the company? If it’s been trading and making a profit, these dormant accounts can’t be the basis of anything for a HMRC tax return.

    10. AmazingRedDog on

      I kinda misread the title that the _residents_ bought the road for £1, but no it was an asset management company who then fleeced the residents.

      Bastards.

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