SCHEDULES
I1SCHEDULE 7 CONVEYANCE TO NOMINEE PURCHASER ON ENFRANCHISEMENT
Restrictive covenants
5
1
As regards restrictive covenants, the conveyance shall include—
a
such provisions (if any) as the freeholder may require to secure that the nominee purchaser is bound by, or to indemnify the freeholder against breaches of, restrictive covenants which—
i
affect the relevant premises otherwise than by virtue of any lease subject to which the relevant premises are to be acquired or any agreement collateral to any such lease, and
ii
are immediately before the appropriate time enforceable for the benefit of other property; and
b
such provisions (if any) as the freeholder or the nominee purchaser may require to secure the continuance (with suitable adaptations) of restrictions arising by virtue of any such lease or collateral agreement as is mentioned in paragraph (a)(i), being either—
i
restrictions affecting the relevant premises which are capable of benefiting other property and (if enforceable only by the freeholder) are such as materially to enhance the value of the other property, or
ii
restrictions affecting other property which are such as materially to enhance the value of the relevant premises; and
c
such further restrictions as the freeholder may require to restrict the use of the relevant premises in a way which—
i
will not interfere with the reasonable enjoyment of those premises as they have been enjoyed during the currency of the leases subject to which they are to be acquired, but
ii
will materially enhance the value of other property in which the freeholder has an interest at the relevant date.
2
In this paragraph “restrictive covenant” means a covenant or agreement restrictive of the user of any land or building.
Sch. 7 wholly in force at 1.11.1993 see s. 188(2) and S.I. 1993/2134, art. 5