Text for Report on Title
ROT: Flying/Creeping Freehold - Indemnity Insurance to be paid for by seller (acceptable to lender)
- Change date
- 01/05/2019
- Word count
- 539
- Deployment measure
- 7/10
Rationale
Deals specifically where there is a flying freehold element to the property where the option of indemnity insurance is recommended.
The property is subject to a flying freehold whereby the {specify details}. One of the problems regarding flying freeholds is that invariably there are no positive covenants whereby the deeds make reference to maintenance and repair provisions (which is the case here). Most commonly the issue surfaces when you come to remortgage or sell your
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