Uplift clause

[Dee]

Feeling genuinely sick.....we bought our property with DPP and in the knowledge that there was an uplift clause.

But in general terms is payment triggered once the work has started/ completed? Or does any obligation end when the 20yrs is up despite carrying out building works?

There is a 20yr limit which is up this December.

Why am I panicking now??? Since husband died recently I needed to get my ducks in a row and had completely forgotten about this major issue. I know

Any retired solicitors on this forum!

[Mr Punter]

You will need to post the full wording of the clause.

[Alan Ambrose]

Usually this would be triggered only when you got PP and made a new, otherwise unplanned, development i.e. a sizeable uplift in land value.

 

If you bought with PP and have not got additional PP and developed on, say, a bit of garden or an old barn. If not generally it wouldn't apply. Or maybe bought with PP for 1 dwelling and split into 3 plots and uplifted the land value that way.

 

An easy way, maybe is to check with the solicitor who did the original conveyance if they're still around.

 

 

[Dee]

@Alan Ambroseour solicitor is no longer practicing and is in I'll health       ( husbands BIL ?) so don't feel I can approach him. He was abit eccentric and fell out with the other solicitor too!

 

@Mr Punteri will post wording when I get home.

 

We bought property with DPP already approved. Consisted of usual extension, garaging, upgrades ect but nothing detached, granny annex or anything that could be sold as a separate dwelling.

 

[kandgmitchell]

Normally any uplift would only kick in if you did anything above and beyond the DPP which came with the land. If you haven't done this then there shouldn't be anything to worry about (subject to seeing the actual wording).