PROCEDURE Flashcards
1
Q
What are the 3 things you need to do when taking instructions for a Lease?
A
- Length of Term
- Rent to be Charged
- Repair/Insurance Responsibility
2
Q
Who drafts the Lease?
A
The Landlords’ Solicitor
3
Q
Who will draft the Contract for the Lease?
A
The Landlords’ Solicitor
4
Q
What must the Particulars of Sale state?
A
That the property is a Leasehold and details of the term to be vested in the tenant
5
Q
What must be disclosed in a lease contract?
A
Any Incumbrances
6
Q
What 5 things should the Landlord’s Solicitor provide the Tenant’s Solicitor in the Pre-Contract package?
A
- Draft Contract
- Draft Lease
- Evidence of Freehold Title
- Copies of any relevant Planning Consents
- Evidence of Lender’s Consent to the Grant of Lease
7
Q
How long is Energy Performance Certificate valid for?
A
10 Years
8
Q
In Which 2 parts is the Lease prepared in?
A
The Lease and the Counterpart
9
Q
Who executes the Counterpart of a Lease?
A
The Tenant
