I bought my house a couple of years ago and do not recall anything about a wayleave agreement in the correspondence with my solicitor or the documentation regarding the property, but there is an electricity pole in the corner of my garden.
The property to the side of me has just been purchased and the new owner is carrying out some extension work. For some reason they need some changes making to the electricity supply and this will require some changes made at the pole which is in my garden.
The power company have asked me to sign a wayleave agreement. The new owner is pressuring me to sign it quickly although I am uncomfortable doing this without taking advice about the ramifications (if there are any) not just for me, but for any future owner of my house when the time comes for me to sell (I do not anticipate living here indefinitely).
I have asked the power company if I can give them my consent to carry out the specific work that the new neighbour needs so that their works are not held up, and in the meantime I would research or seek advice on signing a more permanent wayleave agreement. The power company will not do this as they say it's "not their policy" and that I need to sign the wayleave agreement.
Is this something I should get proper legal advice on, or should I just sign and return the agreement as it is very commonplace and nothing to worry about?