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You're right if the land is sold at market price. If it's sold at a discount because of the restrictions, then continuing to enforce those restrictions is valid
by triceratops 5mo ago
You're right if the land is sold at market price. If it's sold at a discount because of the restrictions, then continuing to enforce those restrictions is valid. The land's value is permanently reduced due to the inability to build, and the price reflects that.
- Dylan16807 5mo agoThe price only reflects the future value out so far. The market price is based on a small number of decades. So for the purpose of respecting the discount, that reason dries up after a while.
- _heimdall 5mo agoStipulating that such contract must expire after a period of time seems more reasonable than saying such a contract isn't valid at all.
- triceratops 5mo agoSo add a time-limit to the restriction.