Does this restrictive covenant prevent HMO development?Make Text Bigger
I am a first time potential landlord intending to convert our family home for HMO use and have carried out due diligence and am satisfied that the project is feasible other than concern re a restrictive covenant.
The property was built by Shepherd Homes in 2007 who have since been taken over by another business and while still trading are no longer involved in residential property development/ building.
The restrictive covenant contained in the property’s TP1 as stated by Shepherd Homes states ” not to use the property or permit it to be used except as a single dwelling house with appurtenances and not to use the property for any trade or business save that nothing in this clause shall prevent the transferee and other members of the transferees household from working at the property provided that the work does not include visits or deliveries from the property and does not adversely affect the amenity of the residential use of the estate”
I will take formal legal advice but would both welcome and appreciate any thoughts / views on this issue, my apologies for such a lengthy first contribution to the forum and thank you in advance for any assistance given.
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