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You must answer BOTH of the following:- 1. Edward has recently bought land in Sydney...

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Accounting

You must answer BOTH of the following:- 1. Edward has recently bought land in Sydney on which he intends to build an office building. His architect has informed him that the placement of the building on the block is limited because of an easement on the land held by Sydney Water. Explain to Edward what this means and why easements can increase land value or decrease land value.

2. How do restrictive covenants bind successive owners to the land? How are they recorded? Can they ever be removed?

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