Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 3 weeks ago 48
One of my properties which is a 50 year old plus mid-terraced cottage has a front garden which has an unusual layout in that it extends all the way across the front of the house next door thereby leaving next door with no front garden since it all belongs to my property as indicated in the deeds.
However in recent months, I became aware that following the sale of the house next door, the new owner erected a fence on this piece of land in-line with the partition between the two houses thereby in effect stealing part of my land. Having approached him about this, he concedes that the land belongs to me and expressed an interest in buying this portion of the land. I would also be interested in selling this portion of the land, but am concerned in case he gets cold feet and decides he no longer wishes to buy the land.
I’ve heard something about “legal theft of land” whereby a certain no of years after erecting the fence he can claim this portion of the land as his own. It may seem ludicrous as the law ought to weigh strongly in my favour, but experience tells me the law is rarely straight-forward and I would therefore appreciate any advice from anyone else who has been through a similar predicament or could assist in dealing with this matter and advising me of my rights.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More