Lease Details in the Title Register

Lease Details in the Title Register

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Overview

In the Leasehold Title Register there are short details of the Lease itself. Although the Title Register provides details of the property it is often necessary to check when the Lease began, for how long it runs, who the original parties were, and when it expires.

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Section A Leasehold Title Register

In Section A you will find the date of creation of the Lease, the date you were registered as the owner of the Lease, the length of the Lease, and the original parties. An example of this is shown below:

(05.12.2010)    Short particulars of the lease(s) (or under-lease(s)) under which the land is held:

Date    :    19 November 2009

Term    :    99 years from 10 May 1995

Parties    :    (1) James Smithe and Sydney Soares

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The Lease Itself

Although the short details of the Lease are useful, the Lease itself is an important document and contains all the contractual terms between yourself and the freeholder. All Leaseholders should have in their possession an official copy of the Leasehold Title Register, the Leasehold Title Plan and the Lease. These three documents are the documents of Title for a Leasehold property.

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Lease Plan

Most Leases contain a Plan that is not too dissimilar to an architect’s drawing for the layout of the property. This is completely different from the Title Plan and is very useful for ascertaining car parking spaces, bin stores, shared gardens, etc. Lease Plans are usually attached to the Lease and do not have to be purchased separately.

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Exclusions

The Title Register may contain a statement that only the (first) floor or (second) floor etc is included in the Title, which will be the case when flats are being sold that take up a single floor of the building. The wording will depend upon what is being purchased.