Banks don't have anything to do with them, I think the PP was mentioning they are lodged at the same office - which they are - department of natural resources here.
eta - and I think its the land titles office in vic - been a few years since I studied conveyancing down there!
Sorry - my post was probably a bit confusing, thanks Arimeh for clarifying and yes, it is the LTO in Vic where everything is lodged.
What a pain in the behind the purchasers are....! The thing is, it's not like the covenant is just specific to your house - I would assume it is for all houses in the estate??? Do they have vehicles that they want to park on the front lawn or something??? Weird!
I hope you get it sorted out soon.
When I was working for the Commonwealth Bank in Mortgage Services, all covenants had to be on the title documents. It just provides the bank with the info they need if the person who applied the covenant fights for it if the owners don't follow it. And considering the bank has to take all mortgages to be transferred to the LTO so they can hold the title, they need to have all of the accurate details for the title before the LTO will hand it over.
I can understand that if the buyers have kids who are driving or if one or both partners needs to bring a work car home on a regular basis and there is not easy access to put the cars in the back yard then they would need to be able to park out the front.
DB - I hope it can be sorted out quickly for you hun, I know you are hanging to move!!
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