Deed of covenant to be bound by rentcharge covenants
Deed of covenant to be bound by rentcharge covenants

The following Property precedent provides comprehensive and up to date legal information covering:

  • Deed of covenant to be bound by rentcharge covenants
  • Recitals
  • 1 Definitions
  • 2 Interpretation
  • 3 Covenants
  • 4 Further Disposals
  • 5 Assignment by Rentchargee
  • 6 Interest
  • 7 Third parties

This Deed is made on [date]

Parties

  1. 1

    [insert name of party giving the covenant] of [insert address OR incorporated in England and Wales with company registration number [insert company registration number] whose registered office is at [address]] (the New Owner) and

  1. 2

    [[insert name of the Management Company] of [insert address OR incorporated in England and Wales with company registration number [insert company registration number] whose registered office is at [address]] (the Management Company)]

  1. 3

    [[insert name of Landowner] of [insert address OR incorporated in England and Wales with company registration number [insert company registration number] whose registered office is at [address]] (the Landowner)]

Recitals

    1. (A)

      This Deed is supplemental to a deed (the ‘Rentcharge Deed’) dated [insert date] and made between the Landowner (1) and the Management Company (2) (together the ‘ Rentchargee’) and [insert name of original owner] (3) (the ‘Original Owner’)

    1. (B)

      By clause [7.12] of the Rentcharge Deed, the Original Owner undertook with the Rentchargee not to make a Disposal of the Property without procuring that the person in whose favour the Disposal is to be made executes and delivers to the Rentchargee a new deed of covenant in the same terms as the Rentcharge Deed

    1. (C)

      The Original Owner now wishes to [transfer the freehold interest in the Property OR [insert details of Disposal]] to the New Owner

    1. 1

      Definitions

      [Disposal

      1. [the transfer of

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