COMMERCIAL LEASE SERIES 1: Stamp Duty Reform 2: Land Registration 3: Reforms to Landlord and Tenant

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COMMERCIAL LEASE SERIES 1 Stamp Duty Reform2
Land Registration3 Reforms to Landlord and
Tenant Act 1954

• Presentation by
• Gavin Poole B.A. (Hons) A.K.C.
• Laura Ricci B.A. (Hons)
• www.follettstock.co.uk

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Introduction

• The register should be a complete and accurate
  reflection of the state of the title to the land
  at any given time, and it should be possible to
  investigate title to land online, with the
  absolute minimum of additional enquiries and
  inspections

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13th October 2003

• First registrations
• Overriding interests
• Easements
• Protections
• Freedom of information
• Boundaries and boundary disputes
• Adverse possession
• Charges
• Dematerialisation

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First registration of title

• Voluntary various
• Compulsory various NEW triggers including
• grant of a lease for 7 years or more and
• assignment of lease with more than 7 years to run.

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Overriding interests

• Staying
• Includes
• (g) occupation
• Going (in the next 10 years)
• (c) chancel repair
• (d) embankments, sea and river walls
• (e) payments in lieu of tithe and other tithe
  issues
• fishing, sporting, manorial rights and franchises
• Gone
• Others

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Easements

• Long leases
• Short leases
• Inspection
• Common parts

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Boundaries and boundary disputes

• Most boundaries will remain general boundaries
• Exact line of boundary will not have been
  determined
• Provisions are made for enabling or requiring the
  exact line of a registered estate to be determined

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Adverse possession

• Unregistered land existing rules apply
• Registered land
• Title by registration, not by possession
• 10 year period
• Can apply even if have vacated the property
  within the last 6 months
• If at first you dont succeed
• Time limits

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Other

• Points for the future
• Shorter leases?
• Fewer rent reviews?
• Other?

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Useful websites

• Follett Stock
• www.follettstock.co.uk
• Estates gazette
• www.estatesgazettegroup.com
• H M Land Registry
• www.landregistry.gov.uk
• British Property Federation www.bpf.propertymall.
  com

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Follett Stock the commercial property team
Gavin Poole gavin.poole_at_follettstock.co.uk 01872
260774 Hugh Murrell hugh.murrell_at_follettstock.co.u
k 01872 260465 Laura Ricci laura.ricci_at_follettstoc
k.co.uk 01872 241969 Louis Mathers louis.mathers_at_f
ollettstock.co.uk 01872 245170

• Martin Pearse
• martin.pearse_at_follettstock.co.uk
• 01872 260437
• Chris Lingard
• chris.lingard_at_follettstock.co.uk
• 01872 260455
• Richard Scrase
• richard.scrase_at_follettstock.co.uk
• 01872 245178