Zebedee..thanks for an objective view. I agree. I guess having found an ideal property I was hoping to find a way of making it work as a holiday let. I accept that it can't be done with this property. Thanks for taking the time to post a well thought out message.
Back to the drawing board.
Search found 5 matches
- Sat Oct 22, 2016 3:17 pm
- Forum: Buying/selling your home
- Topic: Restrictive covenant on property
- Replies: 21
- Views: 12887
- Sat Oct 22, 2016 9:49 am
- Forum: Buying/selling your home
- Topic: Restrictive covenant on property
- Replies: 21
- Views: 12887
I understand that the amount payable in business rates on a holiday let is less than the amount payable in council tax. To be eligible for business rates the property must be available for let for 140 days or more per year. I assume that if it is available for let for fewer than 140 days then counci...
- Sat Oct 22, 2016 5:23 am
- Forum: Buying/selling your home
- Topic: Restrictive covenant on property
- Replies: 21
- Views: 12887
- Fri Oct 21, 2016 9:13 am
- Forum: Buying/selling your home
- Topic: Restrictive covenant on property
- Replies: 21
- Views: 12887
Hi everyone, Thank you for your thoughts on this issue. The property is a new build so the covenant has been placed on it from scratch. I'm guessing that as the property is one of four in the close it was placed to prevent possible disruption to neighbours. It could also have been placed by the loca...
- Fri Oct 21, 2016 6:15 am
- Forum: Buying/selling your home
- Topic: Restrictive covenant on property
- Replies: 21
- Views: 12887
Restrictive covenant on property
I am in the process of purchasing a property with a view to using it as a holiday let. It is a new bungalow and there is a covenant stating that no trade, business or profession can be carried out and that it must be used as a private dwelling. I have researched the law regarding what is a business ...