Lease plan drawings or diagrams Illustrate which part of a property is included in a lease. It is mainly a floor plan with specific application details for each room. Lease plans are frequently used to give the lessee a comprehensive knowledge of the whole space. It is required for some reasons, such as when a new lease of seven or more years is being granted or when a leasehold property is sold and there are seven or more years remaining on the term. A lease plan or title plan is also required when land that is part of a registered title or that has been previously unregistered is being sold. It is also required when an existing title is being split into two or more parts or If a property’s demise changes, for example, if a flat is built into the basement or into the roof, or if an extension is added,
Lease plans always need to be compliant with the Land Registry guidelines. The following things must be included for a lease plan to be compliant:
The Land Registry will be very likely to reject the application if the plan that is attached to the lease is not Land Registry compliant. At the very least they will have questions and may request amendments be made to the plans, so it is really wise to have them drawn correctly in the first place to save time.
We provide Land Registry Compliant Lease Plans and Title Plans to a number of different areas within the UK property industry, including: solicitors, estate agents, developers, surveyors, commercial agents, property agents, housing associations, care and residential homes, hotel and leisure companies, insolvency practitioners, investment firms, portfolio management companies, private landlords, shop owners, and private clients.
We provide Land Registry-compliant lease plans for £145. The price is based on the type, size, and location of the property. Most of the plans are delivered to the client within 48 hours from the time of the site visit, with most plans delivered within 24 hours. Lease plans are drawn in MLP with full obedience to the RICS Code of Measuring Practice (6th Edition) and the Land Registry Practice Guide 40.
Contact us for a quote or further information on land registry plans.