Protect Your New Home’s View by Getting it in Writing!
Some people who bought new homes from Monarch Corp. in
the Sandgate Ridge community in Nepean, are upset by plans by Monarch to rezone
the greens space behind their homes. Monarch wants to build 11 more homes just
behind the fifth tee of the Stonebridge Golf and Country Club. The owners of
the existing houses claim that they paid a premium for their lots (in some
cases $100,000 more than for other homes in the development) because Monarch
promised the other land wouldn't be developed. They say the reason they
purchased was specifically for the tranquility that these lots offered.
Calls to Monarch Corp. for a comment were not returned,
but according
to a CBC report, it does not appear anything was put into
writing that promised that the land would not be redeveloped.
In most cases when you buy a new home, the developer
cannot make these kinds of guarantees, often because they do not own all of the
surrounding land. Nor do they have control over what neighbouring owners might
apply for in the future. (Toronto
Star, 2013)
Make sure you
conduct proper in-depth research before purchasing and you should have the comfort
of enjoying you property and the surroundings for a long time. Just don’t
expect any guarantees.
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