Lexsure Knowledge Hub

The latest paragraphs for you to consider including in your Report on Title.

Text for Report on Title

ROT: Defective Lease - No Suspension of Ground Rent if Property Destroyed

Change date
01/05/2019
Word count
268
Deployment measure
8/10
Rationale

Sets out advice concerning this particular defect with the lease

Please note that there is no covenant to state that the ground rent will suspended if the property is destroyed. Therefore, theoretically you may be charged ground rent in the event that the property is destroyed but cannot be used although in practice it is highly unlikely. Nevertheless, as this a technical fault with the …

To view the full text:

Subscribe Buy this text

Did a property problem come to light after you bought?

WhenIBought is a Lexsure service for homeowners who discover an issue when selling or remortgaging and wonder what was known, investigated or explained at the time of purchase. It offers a conversation about what happened and, where the records allow, what lenders required at the time. It does not determine whether anyone was at fault.

Other texts related to Ground Rent