Hi,
I am planning to buy a leasehold land which is owned by the Highway Authority.
I can see some clawbacks in the document like
if I get planning permission or if I do any development in the land within the next 25 years, I need to pay 30% of the market value.
This property is used for some storage purpose at the moment.
This is a leasehold land. If I buy the Freehold of it (it belongs to a third party), will I still need to honour the clawback when any event in the clawback happens?
Thanks,
I am planning to buy a leasehold land which is owned by the Highway Authority.
I can see some clawbacks in the document like
if I get planning permission or if I do any development in the land within the next 25 years, I need to pay 30% of the market value.
This property is used for some storage purpose at the moment.
This is a leasehold land. If I buy the Freehold of it (it belongs to a third party), will I still need to honour the clawback when any event in the clawback happens?
Thanks,