I was bored so I looked at a contract of sales and found the following covenant (signed in year 1913): Does that mean the owners and future owners 1. cannot build any building that costs less than 100 pounds 1b. if a building that costs than 100 pounds is built, it must be fenced 2. no advertisement boarding shall be erected
Note that covenants can be removed if they are superceded by current planning laws. Needs specific legal advice by a property lawyer.
Yes. These types of covenants are put on by developers to protect the value of the land estate, for themselves and the new owners, that they are selling. No low cost (for the time) housing materials etc.
100 Pounds = $208.99 AUD When I build a cubby house, I will make sure it cost more than $208.99 AUD. Or I will be breaching the covenant.