registering covenants
A covenant is an agreement that is registered on the title of a parcel of land. The covenant may restrict the way the land can be used or specify that the landowner must conduct a certain activity.
If you’ve purchased a property in New South Wales, you may decide to add a covenant to the title, often to protect the value or future use of the land. This could be for reasons like preserving privacy, maintaining aesthetic standards, or ensuring that neighboring properties adhere to specific guidelines. Adding a covenant after purchase is a legally binding process and requires registration with NSW Land Registry Services to be enforceable.
The process involves drafting a covenant agreement that clearly states the restrictions or requirements, which must comply with local planning regulations and be agreed upon by affected parties, such as neighboring landowners or the local council. Working with a conveyancer can help you navigate this process by preparing necessary documentation, ensuring compliance with legal standards, and registering the covenant on the property title. Once registered, the covenant becomes visible on the title record, which informs future buyers of these restrictions and protects your interests long-term.
