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R is for Restrictive Covenants
Restrictive covenant policies rank amongst our most sought-after products, and it isn’t hard to see why. Title deeds very often contain covenants ranging from the mundane to the downright bizarre.
Over the years, our underwriters have received enquiries about covenants that seek to prevent owners from hanging their washing outside, having more than two pets, or even making bricks!
More likely, though, your clients are concerned by covenants in the title deeds that seek to prevent them making changes to their property, or even building further on the land. They might also be worried that the deed(s) are missing or has missing pages; these could contain all manner of covenants, which the client could innocently and unknowingly breach.
Or there is the possibility that previous owners have breached a covenant, which your client will want protection against as a successor in title.
And although covenants are less likely to cause a problem the older they are, that’s not always the case. We recently settled a claim for an extension built in 1974 that breached a covenant established in 1944!
So whether a restrictive covenant is old, unusual, or even unknown due to missing title deed(s) or pages, we can help you protect your client. Send us the details via Elite, speak to one of our experts on 01603 617617, or email us at enquiries@cli.co.uk.