developmental rights, therefore for any future development on the property, the restrictive condition will have to be relaxed.
Conclusion Title deed restrictive conditions can have impact on the value of the property and buyers and sellers should consider them. Before signing any offer to purchase on a home, buyers should carefully read through the Title Deed to ensure that they are fully aware of all the details pertaining to the property. Moreover, restrictive title deed conditions may sometimes be outdated and no longer relevant to character of the area, it is however important to note that they remain in effect, even if a character of the area has changed or proposed development is inline with the relevant statutory framework.
AUTHOR Cacisa Mgudlwa
In real estate, residence / settlement restrictions are commonly spoken about when sectional titles & body corporates are in question. Well, in normal township dwellings settlement restrictions do exist but in the form of Tittle Deed Restrictive Conditions.
SA Real Estate Investor Magazine OCT 2021 29