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Mortgage Glossary
Mortgage Glossary
 
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A Agricultural Restriction
What does Agricultural Restriction mean?

The term relates to the term “freehold covenant” and the Agricultural Planning Restriction actually doesn’t give the right of habitation to an individual who is employed in the industry of agriculture. Basically, there are a few principles the future owner should comply with:
  • If working in the field of agriculture, then he should be activating within a radius of 30 miles from the property itself

  • His former place of employment (if at present retired), should be as well within a radius of 30 miles from the property itself

  • Practice agriculture on the land afferent to the property itself in the benefit of the owner

After the Second World War, whenever properties were being built up on land benefic for agricultural or horticultural practices, the local authorities were the ones who decided upon the fate of the land itself, on how will it be worked for example and by whom. Certainly these kinds of regulations gave rise to difficulties for the seller of the property and uncertainty for the buyer.

Nowadays, however it is possible to make certain adjustments, but this is possible only through the path of law in most cases. It is good to know that Section 106, as part of the Town and Country Planning Act of 1990, provides that individuals, who have an interest in the lands being subject to local planning authorities, might actually come to an accord with them. For example, Section 106 may state that the future owner should practice certain activities on the land, stated by the regulation, and this aspect might be appealing to the buyer.
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