A lease plan is a detailed drawing identifying the parts of a property or area that are included in an agreed lease. It is accompanied by details of the existing lease, for example its length and any recent changes to its terms. A lease plan is essential for anyone wishing to sell a property subject to a lease agreement, either in part or in its entirety.
Lease plans must be compliant with current Land Registry regulations as laid out in the Land Registry Act of 2002. This means they must be drawn to a recognised metric scale, clearly show the leased area within the context of building, as well as the building within its surrounding area. There must also be accurate information relating to address, floor level, scale, north point and external rights of way. We can help guide you through this complicated process, to ensure your lease plan is accepted immediately by the authorities and so prevent any unnecessary delays. Find out how we can help by contacting us today.