Property Developer Podcast

Property Developer Podcast


81 - Removing single dwelling restrictions from a potential development site

June 09, 2021

 
Finding a great property development site only to discover it has a restriction on the title like a single dwelling covenant can be very frustrating and often leads to a potential project being ruled out. However, getting covenants lifted or modified is not an impossible task, but it can be tricky.
Fortunately, we are speaking with a previous guest who has lifted not only one, but two, restrictive covenants in two very different ways.
So let's find out what's involved with varying or removing a single dwelling covenant or other restriction on a property's title.

"Be inquisitive and you might learn something useful." John Marquez
 

Lifting Restrictive Land Covenants

* What is a covenant
* How do I know I have a restrictive covenant
* Ways to remove a covenant
* Who to use
* Removing via Planning Process
* Removing via Supreme Court
* Determining which option to go with

Listen out for how John ended up at sitting in the Supreme Court thinking they may lose his case...
Learn about property development
I have finally wrapped up my online program on how to get your first multi unit development started and finished, people are testing the program at the moment, and I will open it up soon, email me (Justin@propertydeveloperpodcast.com) if you are interested in learning how to develop property.
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Transcript

JustinHello and welcome to episode 81 of the show. Thanks for joining me. Trust you well. I'm doing OK just sitting in another lock down in Melbourne, so it's been another couple of weeks of just sitting at home with the kids around and. Everyone getting a bit bored, but we're working our way through it and we're just about to come out the other side, so fingers crossed that we can continue being open. So fortunately, residential construction has remained open, which has been good for my project because workers continued things are looking good on site. All the scaffolding is come down now so it looks really nice on site without any of the scaffolding around and you can see the designs of the buildings shining through. The interiors are being worked on. Some of the interiors of the. Town houses are just about done is starting on the landscaping. They've poured some of the driveway and the finish line is insight, so it's been quite good. Although there's been the usual issues that have popped up that require some solutions to problems, but that's part of developing so things are moving along there, which is really exciting on my other project. The site has been cleared. It's looking really good. We've submitted our town planning package into council for endorsement, so we're just waiting for them to hopefully stamp that. We've managed to achieve our pre sales which is good and we're just getting ready to start construction. So going through all the financial documentation and getting all the conditions sorted out so everything happening there as well. So it's been a very busy couple of months for me now. One good part about the lock down in Melbourne is that I had a little bit of time to wrap up my training program which has been good and I now have some people in there testing it out. And I'll be opening it up soon to other people. So if you are interested in learning how to develop property...