• What Does The 80 Years Perpetuity Actually Mean

    By Guest on 10th May 2018

    In the clause below taken from the TP1 are you able to advise please what the Perpetuity Period (defined as 80 years 14 years ago) actually mean.

    Does it mean that we can use the roads for the next 66 years providing we contribute? Or does it mean that we can use all roads built within the perpetuity period without any time limits as long as we contribue? The Perpetuity Period is now 66 years, so it could be a big concern when we come to sell if the answer is the former.

    Thank you so much. Our solicitor has not picked this up and is saying that they are too busy right now to answer this so we are stuck.

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    The First Schedule

    The right for the Transferee in common with the Transferor and all other persons who have or may in future have the like right as follows:

    (1) The right at all times and for all reasonable purposes to pass and repass with or without motor and other vehicles from and to the Property over and along the Estate Road and all other roads and footways now constructed or at anytime during the Perpetuity Period to be constructed on the Estate PROVIDED THAT such rights has be restricted to a right to pass and repass on foot only over such parts of the roads and footways as are not intended for vehicular use the Transferee contributing a fair and reasonable proportion of the costs and expense of keeping and maintaining the Estate Road, roads and footways in good repair.

  • 1 Answers

    By Guest on 16/03/2024

    Did you get an answer? Am struck in same question.

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