Land Registry Compliant Lease Plan (For selling or letting your property, you need Lease plan with Land Registry Complaints. This blog will give you an idea of why you will need this for the property.)

Are you planning to lease a property for a few years? Well, one of the first things that you will be needing is a lease plan. A lease plan is a scaled drawing that you will need to sell or let your property. It will help figure out which place will be used for what purpose. A lease plan will depict the view of the property from above.

What is a Lease Plan?

A lease plan is an appropriately scaled drawing that depicts a whole property or the part of a building where a leaseholder has access to. It includes communal areas and the entrances of the property.

Land registry lease plan is the plan that is required for leases with seven or more years remaining or new contracts that have been assigned for seven or more years.

Why is Lease Plan Needed?

It is a legal requirement that you need a lease plan for your property before selling or letting it. According to the Land Registration Act 2002, leases with a timeline of 7 years or more, whether it is new or old, will need Land Registry along with a compliant Lease plan. You will need a lease plan if you are planning to do the following:

·       New lease for seven or more years

·       Splitting an existing title

·       When selling a leasehold property

·       Increasing the length of the contract

·       Making any changes, e.g., extending the property

What Makes Lease Plan Land Registry Compliant?

For lease plans to be land registry compliant, it must have the followings:

·       Lease plan is drawn to a preferred scale of 1:100 & 1:200

·       Location plan at the range of 1:1250 or 1:2500

·       Showing a north point

·       Showing sufficient details to be identified on the Ordnance Survey map

·       Including lands associated with the property, e.g., gardens, paths, garages

·       Indicating separate parts of the property

·       Specifying anything that is not in floor level

·       Red-colored lines for demise area and blue for common areas to identify demised communal and external demised areas

·       Scale bar and plan key

·       Measurements that corresponding to scaled measurements

·       Showing intricate boundaries

What happens if you don’t provide Land Registry Compliant?

Without a Land Registry Compliantplan, a lease plan will be rejected permission by the authority. It could delay the lease you are intending. Re-submission of the application will also cost extra money. So, it is wise that you have the Land Registry Compliant plan ready along with your Lease plan to save your valuable time and money.

What does Land Registry Compliant not show?

Land Registry Compliant or title plan does not show the legal boundary or the dimensions (although there are exceptions) or the T-marks. The red line does not show the general boundary; it is edging placed along the inside of a black line on the Ordnance Survey map. The black line indicates the general boundary. Keep in mind that the Ordnance Survey map on which the Land Registry plan is based is not a perfect representation of the real world.