Removal of Restrictive Covenants on Converted Leasehold Land
12 Mar 2013
The NSW Crown Lands Division has recently announced a review of the restrictive covenants placed on previously converted perpetual leasehold land. A land owner can now make an application to have the restrictive covenants removed from the title of such land. An application fee of $356.00 per landholding is payable. In most cases, it is anticipated that the restrictive covenant will be removed unless the previously converted perpetual leasehold land has high conservation value and either adjoins or is located within 100 meters of a National Park Estate, or that contains or is within 100 meters of wilderness or identified wilderness areas.
If you would like to discuss whether your previously converted perpetual leasehold land currently has a restrictive covenant or whether you would like to make an application to have a restrictive covenant removed, please contact either Andrew Carter (T: (02) 6752 2244; E: ACarter@webol.com) or Susanna Walker (T: (02) 6752 2244.
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