Yes there may be! If the property is effected by covenants / restrictions on use, the terms should be set out in a document attached to the contract. We suggest that you hand a copy of the covenants to your Builder, as the covenants impose certain restrictions and requirements with respect to the building of improvements on the property as to the area, height, building materials, garages etc.
Please also note that the covenants may contain a condition stating that should you contract to sell the property in the future, you agree to include a special condition in the contract that the new Buyer will also be bound by the same terms and conditions as the covenants contained in this contract.
We can advise you as to the wording of any covenant to ensure that you understand its effect on the building of any dwelling on the property. If in doubt, please seek our advice.
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