Rental restriction placed in title deedsMake Text Bigger
In 2012, I bought my first house from Places for People – long story short, I am now looking to move in with my girlfriend to her house and rent my property out. Therein lies the problem. In my Title Deeds, Places for People have included a restriction that states that I may not rent my property out (you know, the house that I own…through my mortgage of course). I am aware that this is something I should’ve checked prior to purchasing the property however at the time, I bought the property (with my ex-gf) with a view to it being a long-term family home…no such luck!
Since September I have been trying to get this restriction removed from my Title Deeds. Having spoken to Places for People, they have agreed that I may rent my house out although I need to go through THEIR letting agents. This isn’t the end of the world, but I just annoyed that I am still bound to them!
Today I have found out that they aren’t going to be removing the restriction from me Title Deeds but have provided me with a letter that states “In order to progress your application for a licence to sublet, I would be greatful if you would complete and return the attached form. this will then be considered in line with our policy, if your request is approved then there is a charge of £250.00 including VAT for the preparation of the licence that is required for you to sublet. If a licence to sublet is issued this will be for a period of 24 months with a need to be renewed after this time…”
The question I’m really asking, is a) how do hey get away with including those sort of restrictions in the Title Deeds of a property and b) are they within their rights charge me £250 bi-annually for a “licence” to rent my property? They have stated that as they are the beneficiary of the restrictive covenants, they grant a licence to “sublet or underlet” my property to ensure that any tenants I have abide by the restrictions set out in Title Deeds.
Any help or advice here would be very much appreciated!
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