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Friday 22 February 2008
W R Newland & Sons Block of Flats Disposition Certificate of Compliance Form
Background
W R Newland & Sons Limited are the freeholders of a number of blocks of flats in Croydon, Bromley and North Surrey, which they built and some of which they manage.
Most of the leases provide for a formal Licence to be obtained on a sale or a mortgage. The reason for this is to ensure both that our client knows who the tenant/lender is and also to ensure that the service charges and ground rent is up to date. There are restrictions in the registers of the titles preventing disposals without a Certificate. For new developments it has been decided that a simpler way of ensuring our clients' aims would be a Certificate of Compliance based system where we, as Solicitors for our clients, issue a Certificate dealing with the Restriction. We already do this for remortgage cases. The benefit of this is that it is more straightforward and enables our costs to be lower. This note applies to those developments as well.
Please click on this link:
Certificate of Compliance Application Form
The Memorandum of Rent Review is in the following Form (just cut and paste with or without the camel):
Dated this day of 200
Property:
Name of Landlord: W R Newland & Sons Limited
Name of Tenant:
Name of Assignee:
Title Number:
Date of Lease: Date of Lease
Date: 29 September
New Rent: £
The above named Tenant and the Solicitor for the Landlord have signed this Memorandum and a Counterpart thereof respectively to record that as from the Date the Rent payable under the Lease of the property will be the New Rent.
SIGNED by the Tenant .................................................
SIGNED for and on behalf of the Landlord .................................................
W R Newland & Sons Limited are the freeholders of a number of blocks of flats in Croydon, Bromley and North Surrey, which they built and some of which they manage.
Most of the leases provide for a formal Licence to be obtained on a sale or a mortgage. The reason for this is to ensure both that our client knows who the tenant/lender is and also to ensure that the service charges and ground rent is up to date. There are restrictions in the registers of the titles preventing disposals without a Certificate. For new developments it has been decided that a simpler way of ensuring our clients' aims would be a Certificate of Compliance based system where we, as Solicitors for our clients, issue a Certificate dealing with the Restriction. We already do this for remortgage cases. The benefit of this is that it is more straightforward and enables our costs to be lower. This note applies to those developments as well.
Please click on this link:
Certificate of Compliance Application Form
The Memorandum of Rent Review is in the following Form (just cut and paste with or without the camel):
MEMORANDUM of RENT REVIEW
Dated this day of 200
Property:
Name of Landlord: W R Newland & Sons Limited
Name of Tenant:
Name of Assignee:
Title Number:
Date of Lease: Date of Lease
Date: 29 September
New Rent: £
The above named Tenant and the Solicitor for the Landlord have signed this Memorandum and a Counterpart thereof respectively to record that as from the Date the Rent payable under the Lease of the property will be the New Rent.
SIGNED by the Tenant .................................................
SIGNED for and on behalf of the Landlord .................................................
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