p***@btinternet.com
2015-05-04 16:59:10 UTC
Stokes VS Cambridge established that if an increase in property value occurs as a result of a beneficial use restrictive covenant, that 33% of the increase in value should be paid to compensate.
For example - A farmer owns fields and obtains access to his fields over land owned by another person. The farmer then applies for planning permission for new plots & once planning is granted sells the land 10x its original value. In this case the farmer has not sought nor obtained right of access to the land. Based upon my understanding of Stoke VS Cambridge to obtain the access the farmer would need to compensate the owner of the land over which he need access by roughly 33% of the increase in value of the land he is selling.
As this was ruled an English court I wondered if anyone with a legal background can advise if it applies in Scotland?
For example - A farmer owns fields and obtains access to his fields over land owned by another person. The farmer then applies for planning permission for new plots & once planning is granted sells the land 10x its original value. In this case the farmer has not sought nor obtained right of access to the land. Based upon my understanding of Stoke VS Cambridge to obtain the access the farmer would need to compensate the owner of the land over which he need access by roughly 33% of the increase in value of the land he is selling.
As this was ruled an English court I wondered if anyone with a legal background can advise if it applies in Scotland?