Fill in the gaps in the overage puzzle
Watson, A.
Fill in the gaps in the overage puzzle - 2003 - Estates Gazette (0325) 21 June 2003, 138-139(2) .
Looks at overage payments as a method of obtaining maximum financial benefit from disposing of a piece of land. Restrictive covenants, seller's lien, guarantees, bonds, rights of re-entry, mortgages, land charges, leases with an option to buy the reversion and restrictions are all mechanisms which can be put into place as security for overage payments. Reviews the LT ruling in "Withinlee" (LP/7/2001) which illustrates the risk that a restrictive covenant used as security may be challenged under the Law of Property Act 1925 s84.
OVERAGE PAYMENTS
RESTRICTIVE COVENANTS
GUARANTEES
PERFORMANCE BONDS
LAND CHARGE
WITHINLEE DECISION
Fill in the gaps in the overage puzzle - 2003 - Estates Gazette (0325) 21 June 2003, 138-139(2) .
Looks at overage payments as a method of obtaining maximum financial benefit from disposing of a piece of land. Restrictive covenants, seller's lien, guarantees, bonds, rights of re-entry, mortgages, land charges, leases with an option to buy the reversion and restrictions are all mechanisms which can be put into place as security for overage payments. Reviews the LT ruling in "Withinlee" (LP/7/2001) which illustrates the risk that a restrictive covenant used as security may be challenged under the Law of Property Act 1925 s84.
OVERAGE PAYMENTS
RESTRICTIVE COVENANTS
GUARANTEES
PERFORMANCE BONDS
LAND CHARGE
WITHINLEE DECISION