Surrender of part and variation of registered lease (TP1)

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Published by a LexisNexis Property expert
Precedents

Surrender of part and variation of registered lease (TP1)

Copyright © 2025 LexisNexis

Published by a LexisNexis Property expert

Precedents
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Precedent transfer

An adaptable Word version of the precedent form TP1 can be downloaded, saved or printed from the link on this page.

Drafting notes to precedent transfer

Panel 3 — Property description

Where a plan accompanies the transfer, HM Land Registry Practice Guide 40: guide overview of Land Registry plans sets out detailed rules relating to the plan. A failure to follow these rules will result in the application for registration being rejected. In particular, any plan relating to a disposition of part of a registered estate must be signed by both parties — this is good practice in any event (so as to ensure that the transferor (tenant) and the transferee (landlord) have approved the extent of the property that is being surrendered. Where a plan is not sufficient to allow clear identification of the land, HM Land Registry may ask for an additional plan to be lodged. HM Land Registry guidance confirms that it will treat the plan as though it was attached to the application form and so it must

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Jurisdiction(s):
United Kingdom
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Key definition:
Surrender definition
What does Surrender mean?

Occurs when an insurance policy is cancelled and the insurance company pays an amount known as the surrender value to the policyholder. It includes for the encashment of a life policy, for example an endowment assurance policy, by the assured, prior to its maturity.

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