Granting a lease

• When would a seller’s solicitor use form TA7?

  The leasehold information form is sent to seller of a leasehold property
• When would the form TA6 be used?

  Property Information form TA6 is sent to seller of a property
• What is the purpose of using form LPE1?

  This isnform is sent to landlord or managing agent with enquiries about the leasehold to help identify any issues the buyer should know about
• What are the procedural steps for granting a lease/underlease?

  1. Deduction of title & drafting lease
  2. Purpose of an agreement for lease
  3. Pre - Contract enquiries and searches
  4. Pre - Completion formalities
  5. Completion and post-completion steps
• What are the structure and contents of a lease?

  Basic structure:

  1. Prescribed clauses: needed for properties registered 2008
  2. Commencement: date of grant, name of parties
  3. Interpretation: definition of terms
  4. Terms of the lease: length and period
  5. Ancillary rights: any other rights for Tenant on other land
  6. Rights excepted and reserved: rights that L keeps
  7. Annual rent: amount that Tenant pays (monthly, annually, quarterly). Default is payment in arrears & should state if otherwise . How to pay & VAT should be included.