7.1 Lease Grant 2 plus extra post completion

Question 1

What is the SDLT payment deadline if T is allowed to occupy under an agreement for lease (e.g. for fit-out), before lease completion?

Answer 1

14 days from T’s occupation

Question 2

To determine repair obligations in the lease, the repair covenant must be read in conjunction with what?

Answer 2

Definition of Premises (whole= interior and exterior, part=interior)

Question 3

If the LL’s freehold title is charged, what might be needed from the LL’s lender on grant of a lease?

Answer 3

Letter of consent

Question 4

For the SDLT calculation, how are figures rounded, if at all?

Answer 4

To the nearest £

Question 5

For the LTT calculation, how is the figure rounded, if at all?

Answer 5

Not rounded.

Question 6

Which leases are not registrable and cannot be noted?

Answer 6

3yrs or less

Question 7

Which leases are not registrable but can be coted on the LL’s title?

Answer 7

leases over 3 years and up to 7 years.

Question 8

Which leases MUST be registered with their own title number?

Answer 8

Over 7 yrs