Does your title deed contain restrictive conditions?

Interest rate hike and slowing commercial property market, mortgage lending in 2023

Does your title deed contain restrictive conditions preventing you from extending the building on your property or using it for business purposes?

Restrictive conditions in a title deed take precedence over building plan approvals and land use right approvals.

In other words, if your title deed contains restrictive conditions in conflict with the proposed use of a building in terms of a building plan the approval of such plan can be deferred until the restrictive condition has been removed from the title deed.

This can be done by way of an application to the relevant authorities.

For further information or a quote on the application for the removal of restrictive title deed conditions please contact Goldberg & de Villiers’ Corporate and Commercial Law Department on 041 501 9806 or cindy@goldlaw.co.za or nicole@goldlaw.co.za. Alternatively, visit 13 Bird St, Port Elizabeth Central, Port Elizabeth, 6001

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest