Greedy Developers Deserve to Be Knocked Down ; Home Truths

Summary

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In 2005, I bought a house with a large garden. The developer had wanted to build a house on it but was unable to because of the layout of the drains. I now have planning permission but my deeds say I cannot build there without the developer's permission. They are demanding a third of the value of the new property, quoting a legal ruling called Stokes vs Cambridge.

It is common for landowners selling potential development land to add a so-called 'uplift' clause claiming a share in the profits should the land later be built on. Another way is to hang on to a small 'ransom strip' blocking access to the plot. A landowner can demand whatever they like in such circumstances, although if they are too greedy the development will not be built. In the Stokes vs Cambridge case, a ransom strip was deemed to be worth one-third of the increase in value of a development plot behind it. This is not the same as one third of the value of the finished development.

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Extract

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Greedy Developers Deserve to Be Knocked Down ; Home Truths

Get your garden valued with and without planning permission, and suggest the developer settle for ...

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