Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your CQS CPMS Policy.
text for CQS CPMS Policy:
CQS Policy: Ground Rents and Onerous Clauses
Change Date : 20/02/2025 | Word Count: 321 | Deployment Measure : 9/10
Rationale:
S.5.16 requires practices to have a policy in relation to acting in a purchase of a leasehold property. The policy must cover advice on practical and financial implications matters including ground rents. As stated in the guidelines, this area would also be expected via the overarching obligations as set out in the 8.6 of the SRA Code for Solicitors
It is essential that clients receive appropriate advice on onerous clauses in leases. Clients rely on fee earner advice on legal documents to enter into legal transactions. This includes ensuring
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