Text for Report on Title
ROT: Good Leasehold Title
- Change date
- 09/04/2019
- Word count
- 275
- Deployment measure
- 9/10
Rationale
Explanation as to the meaning of ‘Good Leasehold Title’ and it’s implications. In this particular example wording the lawyer points out that indemnity insurance is being sought from the seller’s lawyers
As we have discussed, the title to the property is 'good leasehold'. Most properties are registered with 'title absolute', which is the best class of title awarded by the Land Registry, and means that the Land Registry guarantee that the registered owner has an unequivocal right of ownership which cannot be challenged by anyone else.
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