How do wayleaves attach to property?

Question

A neighbour has asked a telecoms company to provide broadband to their property, but to do this the company will need to dig a trench that crosses a small corner of my property. Accordingly, the company has written to me asking for me to grant a wayleave to allow them to do this.

Are wayleaves binding on all future owners of a property?

How would a prospective purchaser of a property find out about the existence of a wayleave? Are wayleaves included in conveyancing property searches or otherwise lodged with an authority that could be consulted? Or are they a private matter between the land owner and the telecoms company that could go undiscovered during conveyancing, and if so what recourse would a new property owner have if they later discovered the existence of a wayleave they felt diminished the value of their purchase?

Answer 1

Q1: is not a legal question - it depends on what a prospective purchaser is willing to pay.

Q2: According to the attached pdf...

• 9. This agreement is binding. You cannot cancel, amend or alter it without our written permission, except as stated in the code.
• 10. This agreement will remain in force from the date written above for the whole period during which we are an operator (as defined in the code).