Land Registry Compliant Lease Plans
Tuesday, 19th July 2016 | by: Cameron Weights
All new leases with terms of 7 or more years or assigned leases with at least 7 years remaining must be registered with Land Registry and to do that a lease plan is required.
A Lease Plan is an appropriately scaled metric drawing depicting the land or part of a building over which the lessee has exclusive or shared access.
For a Lease Plan to be compliant with the requirements of the Land Registry it must include the following:
- Detailed floor plans at an appropriate scale as stated on the drawing
- A location plan at a scale of 1:1250 for urban properties and 1:2500 for rural properties
- The drawing’s orientation (for example, a north point)
- A coloured edging indicating the demise of the subject property (usually a red line) and any associated external areas/common parts.
- Any edging used to identify boundaries on the plan should not obscure any other detail
Why good quality plans are important:
- Give a clear understanding of what is being purchased
- Provide a sound basis should problems arise at a future date
- Ensure applications lodged with Land Registry will be processed more efficiently and effectively
- Leads to Land Registry rejecting fewer applications
Some of the situations where a Land Registry compliant Lease plan will be required are:
- The first time that a leasehold property is registered.
- When a leasehold property is sold and there are 7 or more years remaining on the term.
- When a lease has been extended (technically a new lease with a longer term is granted and must be registered).
- If the demise of the property changes, for instance if an upper floor flat were extended in to the roof space.
Should a lease plan be required on one of the transactions that you are handling please feel free to contact us by email for a quote or by phone on 020 7183 2578.