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Hi Andy, I'm glad to say you have nothing to worry about concerning this clause. It does NOT mean you do not have a right of way over the narrow piece of land. It just means that you won't make a claim against the adjoining land owner/Company in the unlikely event that they wish to build further on their land (eg you won't claim any right to light, meaning they would be restricted in building next to the narrow strip,if such build blocked out your light).
If you propose selling at Auction, you won't need to take out any indemnity policy (for your general information, any indemnity policy would become null and void if the party with the benefit of the policy approached the party with the benefit of the covenant which is being insured against) as this clause is not a defect in title.
I hope this gives you peace of mind.
If I have helped, I would be grateful if you could rate my answer (top right of your screen).
Kind Regards Al
Hi Andy, sorry I didn't answer your question re- the right to place a skip/park or scaffolding query. I must admit I forgot to concentrate on this issue and my original answer related solely to your query concerning the covenant you had typed in capitals.
If this right is in place, allowing the Company to park on your land etc, you can take out a defective title indemnity policy as a safeguard. This is likely to cost approx. £250-300 depending on the value of the new build.
I would hope that the Company would be respectful of your land and not interrupt your right of way, but an indemnity policy would satisfy any potential Buyer at the Auction.
My answer remains the same as regards ***** ***** covenant typed in capitals by you, and I do confirm again that if you approach the Company to see if they will release the covenant allowing them to park/put a skip on your access, any indemnity policy would become invalidated.
I am sorry again for my incomplete first answer.