Island Life Magazine Ltd October/November 2007 | Page 24

life PROPERTY Love they neighbour as thy self! Photo - Terence Willey Perhaps one of the most important ten commandments? Whilst some of us are fortunate enough to enjoy the very best of relationships with our neighbours, one thing for sure is falling out with our neighbours can prove to be a perilous and costly exercise. When selling our property we are obliged to disclose to our buyers whether or not there have been any past disputes with neighbours or any individuals, and whether any nuisance or annoyance has been experienced affecting the property. I have always considered this particular enquiry should be given very careful consideration before submitting a reply. It i s important that the seller gives the buyer absolute disclosure in respect of any past or present disputes or problems that may have arisen between their neighbours and of whatever nature. Often clients do not consider it important to mention that past problems may have arisen over boundaries and correspondence exchanged between parties or a nuisance or noise issue involving reports to the local Environmental Department and sometimes the Police. Often such issues, whilst not continuing at the time of a proposed sale, remain dormant with issues unsettled and an atmosphere prevailing with the neighbours. A seller, in failing to disclose such, could face legal action from a buyer upon discovery of such issues and where not disclosed prior to contract, a seller could face legal action from a buyer following completion. I recall some years ago a case involving a non disclosure issue prior to contract that had clearly been ongoing between neighbours concerning a 24 car repair business being undertaken at the neighbouring property involving a considerable nuisance. At the time the buyers viewed the property, prior to contract, it was not apparent that such activities were being undertaken and it was not until the buyers moved into the property that they encountered very serious nuisance issues. Upon further enquiries it became clear that correspondence had been entered into with the Environmental and Planning Departments of the Local Authority and that a Planning Application was being processed to regularise the business being operated from the property. Despite the buyers strong objections to the applications consent was granted by the Local Authority subject to conditions and the buyers, upon seeking a revaluation of their property, discovered the valuation of their property was prejudiced. They subsequently brought an action against the seller for compensation for non disclosure and were successful in this action and subsequently were awarded by the Courts substantial compensation and costs for the reduced valuation of their property. Whilst we all conduct our lives and our aspirations in different ways, it is always wise to maintain friendship and understanding with neighbours, as at the end of the day it can only serve well for the preservation and marketability of both properties. If you would like any further guidance or assistance without obligation please do not hesitate to arrange an appointment by telephoning 01983 875859 or 01983 811222. Island Life - www.isleofwight.net