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?