Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Patrick and Anna are cruising one fine Saturday when they spot their ideal mansion for sale. They place a deposit and sign a contract for

Patrick and Anna are cruising one fine Saturday when they spot their ideal mansion for sale. They

place a deposit and sign a contract for $2 million. All the way home, they make plans about renovationsand additions. Their biggest plan is to add a top storey to the existing two-storey dwelling, to take inspectacular views over the nearby mountains.Their conveyancer rings them urgently the next week toadvise that there is a restriction on the building dating back one hundred years, limiting it to two storeys.The surrounding land has since been developed into one acre lots with well-spaced housing.

What can they do? Are they bound to accept this restriction? Explain in full

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Andersons Business Law and the Legal Environment

Authors: David p. twomey, Marianne moody Jennings

21st Edition

1111400547, 324786662, 978-1111400545, 978-0324786668

More Books

Students also viewed these Law questions