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Restrictive covenant on commercial property

  • 01-09-2012 5:26pm
    #1
    mickmadoodle
    Registered Users Posts: 58 ✭✭


    A commercial property is for sale and is restricted from operating as a restaurant. Anybody know, how long before this expires or if/how it can be challenged ?


Comments

  • #2
    Milk & Honey
    Banned (with Prison Access) Posts: 1,950 ✭✭✭Milk & Honey


    mickmadoodle wrote: »
    A commercial property is for sale and is restricted from operating as a restaurant. Anybody know, how long before this expires or if/how it can be challenged ?

    How long is the lease?


  • #3
    mickmadoodle
    Registered Users Posts: 58 ✭✭mickmadoodle


    There is no Lease. This property is for sale and this restrictive covenant is in the title/deeds somewhere. I cannot (as a purchaser) see the deeds/title until my offer has been accepted, so effectively I am bidding on the blind. If I knew that this restriction could be challenged or maybe expire sometime soon I would be prepared to make an higher offer.


This discussion has been closed.
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