Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Forfeiture of Superior Lease - Lender Requires Insurance
Change Date : 17/06/2019 | Word Count: 129 | Deployment Measure : 9/10
Rationale:
Identification of defective lease due to potential for forfeiture of a superior lease which results in determination of the leasehold chain of title.
The lease is defective in that in that there is potential for forfeiture of a superior lease which results in determination of the leasehold chain of title. This exposure is low. That being said this existing defect may affect mortgageability and therefore marketability in the future. Our attempts to convince the seller’s lawyers to remedy
…