326. Form of lease.

Where the lease will need to be registered with its own title following completion1 the Land Registry requires the lease to be in a specified form; this is called a 'prescribed clauses' lease because the Land Registry prescribes certain clauses and wording2 to be included at the start of a new lease3.

In outline the matters to be included in a prescribed clauses lease are4:

  1.  

    (1)     LR1 Date of lease;

  2.  

    (2)     LR2 Title numbers:

    1.  

      (a)     LR2.1 Landlord's title numbers;

    2.  

      (b)     LR2.2 Other title numbers: here it is necessary to insert any existing title numbers against which entries of matters referred