Tag: London lease plan

Land Registry Compliant Lease Plan

What is a Land Registry Compliant Lease Plan

A lease plan is a scaled technical drawing which shows the parts of parts of property and land over which a leaseholder has exclusive or shared rights. A lease document will use words to describe the property and land and the Lease Plan will be a visual representation of these rights.

A lease plan will usually be needed when:

  • it is the first time a leasehold property is registered
  • when a leasehold property is sold with 7 or more years remaining on the term
  • when a lease is extended
  • when the extent of the demise changes (for example if an extension is built or a loft conversion is carried out).

    Land Registry Compliant Residential Lease Plan Example

    Land Registry Compliant Residential Lease Plan Example

Lease Plans must be Land Registry Compliant.

It must:

  • Have a detailed floor plan showing floor levels at either 1:100 or 1:200
  • Show a location plan at 1:1250
  • Not be hand drawn
  • Include a North Point
  • Have colouring to show the demise and common parts
  • It should be consistent with the Lease document and support the descriptions therein

If you need a lease plan or would like to talk about issues regarding lease plans, call 07795565853 or email@leaseplansonline.co.uk

Busy January

Its been a while since my last post as I’ve been kept nice and busy with Lease Plans. This is a good sign for the property market and suggests that 2017 might not be such a tricky year after all. People have to move and businesses need to be built so the property market is still ticking along here in London.

My latest plans have ranged from mansion flats in Hampstead, offices in East Ham to car parking spaces in Barnet. I wonder what the next few weeks will bring?
I see such a range of places that I feel quite privileged to get an overview of life in London. The stunning architectural and lifestyle features that go into some high-end flats make me a little bit jealous – but also provide inspiration for my own flat which I’m slowly renovating at the moment. I also get to see some ‘ahem’ interesting lifestyles that make me feel very grateful for what I have and take for granted.

It always surprises me how alike every person is deep down – everyone needs the same basic things in their house – however grand or humble. Beds need to be cosy, food needs to be cooked, stuff needs to be stored. The nicest homes I go into are those that feel full of love and the smell of wonderful cooking.

Commercial lease plan projects fill me with the sense of possibility – seeing an empty shop on a busy high street makes me imagine starting my own uber-cool coffee/book shop and seeing empty offices with huge space and potential sparks my inner entrepreneurial fire.

One thing is for sure – no two days are ever the same at Lease Plans Online!

What is a Lease Plan?

A Land Registry Compliant Lease Plan is a drawing which accompanies a lease document. It illustrates in visual form what areas of a building or land are demised to the lessee, what areas are communal and any other rights of access that may affect the property.

The land registry require certain conditions to be met in order for it to be compliant:

  • It should show a detailed plan of the property drawn to a metric scale (such as 1:100 or 1:200).
  • It must have a site plan, at 1:1250 showing where the property sits in relation to the surrounding area.
  • There must be a north point.
  • Colour coding accompanied by a key should denote the different areas (so for example, red for the demised area, green or blue for communal areas, brown for rights of access etc. These can vary based on the wording of the lease document).

For properties that have existing leases but that need new lease plan drawings (in the case of a lease renewel for example) it is normal to create a new plan which is Land Registry compliant and also corresponds to the wording in the original lease document.

For new leases, it tends to be more common for the leaseplanner to denote the areas in a standard format, then await instructions from solicitors as to whether they require any additional information on the plan. It really helps to have an experienced plan provider who has drawn hundreds of plans successfully. It cuts down the time between solicitor approval and plans getting sent to the Land Registry. I’m very good at getting things right first time.  From my many years experience, I am used to devising the most effective illustration method for complicated access issues, ensuring that nothing gets missed.

If you’d like more information on what a lease plan is, whether you need one, or what yours might entail, I’d be very happy to help. Call on 07795 565853 or email email@leaseplansonline.co.uk