Does anyone know what force/value a restrictive covenant has?
I live on a terrace of Victorian houses with large gardens behind a back lane. If these could be built on they would be very valuable because of the area.
There is a covenant going with the deeds which says no building apart from stables on these gardens.
All the owners to date have accepted this at face value and the only buildings have been stables/ garages over the last 145 years. Recently though in one case where the garden has been separate from the house for some time, and the old stable there a workshop, it has been sold to a developer. ( It has the same covenant on it though)
There is now a planning application to considerably extend the old building across a large expanse of the garden. The planning authorities say they take no account of restrictive covenants. They are highly likely to grant this.
This could set a precedent for all the other large gardens to become development land.
Do these covenants mean anything in practice?