IAmMyBelovedsAndMBeloveIsMine ·
19/01/2025 22:22
Hello All,
I am currently in the middle of a house purchase and my solicitor has sent me the Title Report to review. In the report it states :
Vendor's Right to Modify Development Plans:
The Vendor (the seller) retains the right to alter or modify the development plan
for the entire estate (the area of land being sold) at any time, even after the sale of the land. This allows the Vendor to change the layout or plans for other plots in the estate, which may impact the Purchaser’s land.
The Vendor may also choose to modify or waive the stipulations for any unsold
plots or upon request from current owners of other plots. This flexibility helps the
Vendor manage the development process and adapt to changing circumstances
I am quite confused by this text. Why would the current vendor retain any rights following the sale? I am rather concerned by this or perhaps I am misunderstanding?
If anyone has seen this before I'd be very grateful if you could clarify.
Thank you.