Plot sales

Plot sales guidance:

DATE [insert date] Parties 1 [insert name of Seller] [of OR incorporated in England and Wales (with company registration number [insert number]) whose registered office...

Precedents

LR1. Date of the lease[insert the date in its full format DD-Month-Year] LR2. Title Number(s)LR2.1 Landlord's title number(s) [title numbers out of which this Lease is...

Precedents

What is the Code? The Consumer Code for Homebuilders (the Code) came into effect in April 2010. It is an industry-led code of conduct for home builders and was developed...

Practice Note

This Deed is made on [date] Parties 1 [insert name of party giving the covenant] of [insert address OR incorporated in England and Wales with company registration number...

Precedents

This Deed is made on [date] Parties 1 [insert name of Landowner] of [insert address] [incorporated in England and Wales with company registration number [insert company...

Precedents

What is 'land banking' and how do land banking investment schemes work? Land banking is the practice of purchasing undeveloped land with the intention of dividing it into...

Practice Note

Should you make provision for a sinking/reserve fund? Sinking/reserve funds are unusual in the commercial context because many larger commercial tenants prefer to meet...

Precedents

Lease clauses for the establishment and maintenance of a reserve fund Definitions In the clause: 1 Fund Account means the interest bearing [trust] account opened with...

Precedents

Lease clauses for the establishment and maintenance of a sinking fund 1 Definitions In this Lease the following definitions apply: Fund Account the interest bearing...

Precedents

This Practice Note looks at the principal types of policy or guarantee (other than latent defects insurance) that are currently on the market to protect homeowners and...

Practice Note

This Practice Note deals with the principal types of policy or guarantee, other than latent defects insurance, that are currently on the market to protect...

Practice Note

Date [insert date of contract] Parties 1 [Seller name] of [Seller address] [incorporated in England and Wales with company registration number [Seller company...

Precedents

1 Panel 4—Property Plot number [insert number] [and garage plot number [insert number]] on the approved estate layout plan lodged at HM Land Registry known as [insert...

Precedents

Buildings with three flats Although the ‘criss-cross’ scheme is well-suited to buildings with just two flats, matters become more complicated if a building contains three...

Practice Note

When reviewing a lease within a moderately small residential flat scheme which consists of a principal building containing the flats and some communal external areas or...

Practice Note

What is a criss-cross or crossover scheme? Under the traditional arrangement, a single-fronted, terraced house is divided into two flats, one above another. Each flat has...

Practice Note

Scheme outline This is the most straightforward residential flat scheme to establish. However, developers do not typically hold and manage rented property, so even though...

Practice Note

Where a developer has reserved only a nominal ground rent under the flat leases and also has no wish to manage the development once all the flat leases have been granted,...

Practice Note

One of the most common management schemes adopted by developers of residential flats is for the developer to retain the reversionary interest but to contract out the...

Practice Note

Before 27 September 2004, when the Commonhold and Leasehold Reform Act 2002, Part 1 came into force, leasehold tenure was the only option that a developer could sensibly...

Practice Note

Before 27 September 2004, when the Commonhold and Leasehold Reform Act 2002, Part 1 came into force, leasehold tenure was the only option that a developer could sensibly...

Practice Note

What is a concurrent lease? In the context of residential flat schemes, a concurrent lease is a lease of the reversion that is granted by a developer to a management...

Practice Note

Inadequate insurance or service charge provisions A landlord of a flat lease may covenant to insure or provide other services 'subject to and conditional on due payment...

Practice Note

Failure to file company accounts/annual returns This is an ever-present risk in relation to tenants’ management companies, which may frequently become dormant for the...

Practice Note

Subleases Subleases suffer from the possibility of forfeiture of the headlease, which automatically results in forfeiture of any sublease. Unless the headlease is held by...

Practice Note

Rent As a result of the grant of the concurrent lease, the rents reserved under the flat leases are receivable by the management company, as concurrent tenant, in its...

Practice Note

UK Finance As of 1 July 2017, the finance and banking industry operating in the UK is represented by a new trade association called UK Finance. It has taken on activities...

Practice Note
Trending Topics
In-House COVID-19