• Purchaser Being Required To Enter Into Deed Of Covenant On Land That I'm Transferring To Water Company

    By Guest on 05th Nov 2019

    Along with my house, I own a small patch of land situated over the other side of next door. There is a pumping station on it, originally owned as part of a private sewage system by myself and my neighbours. It was taken over by the local water authority in 1996 when all private sewers were adopted.

    My house is currently being sold, and the purchaser's solicitors insisted that the freehold of the patch of land be sold/transferred to the water authority before they exchange contracts for the sale of the house. This is under way at the moment, and I signed the TP1 last week. However, the water authority require my prospective purchaser also enters into a Deed of Covenant with them, despite the fact that the land will be transferred to them, and won't be owned by her.

    Could someone explain why this should be?

  • 1 Answers

    By Guest on 06/11/2019

    I don't know what the content of the Deed of Covenant is but your conveyancer will be able to explain this to you and also the reason that they require it.

    www.notaryexpress.co.uk

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