I have recently purchased a house in Brisbane and the contract has now gone unconditional. The settlement is on the 16th of Jan.
I received an email from my solicitor last night saying the title search reveals a registered easement which benefits the property. The easement was not noted on the contract.
Below is a summary from the title search:
1. Rights and interests reserved to the crown by deed of grant no. xxxxxx
2. EASEMENT No xxxxxx (L9723xxx) 23/05/1994 at 10:50 benefiting the land over
OVER EASEMENT A ON RP 818xxx
Does this mean this property I am purchasing has an easement which is located on other's land? Or the other way around?
I have asked my solicitor to do a search on the easement as the easement does not appear on the registered plan.
As we plan to redevelop the site in the future, is this going to limit our ability to redevelop the site? If yes, am I still at the stage to negotiate the price down?
Thanks for all your help!
I received an email from my solicitor last night saying the title search reveals a registered easement which benefits the property. The easement was not noted on the contract.
Below is a summary from the title search:
1. Rights and interests reserved to the crown by deed of grant no. xxxxxx
2. EASEMENT No xxxxxx (L9723xxx) 23/05/1994 at 10:50 benefiting the land over
OVER EASEMENT A ON RP 818xxx
Does this mean this property I am purchasing has an easement which is located on other's land? Or the other way around?
I have asked my solicitor to do a search on the easement as the easement does not appear on the registered plan.
As we plan to redevelop the site in the future, is this going to limit our ability to redevelop the site? If yes, am I still at the stage to negotiate the price down?
Thanks for all your help!