Post-completion

Question 1

When do leases need to be registered?

Answer 1

If the lease is granted for over 7 years

Question 2

What happens when a lease is registered?

Answer 2

Registered at Land Registry and will have its own title number

Question 3

Can a 2 year old lease be noted on landlord’s title?

Answer 3

No

Question 4

When can a lease be noted on landlord’s title?

Answer 4

If more than 3 years and up to 7 years

Question 5

What is the procedure for registering a lease?

Answer 5

1) Pre-completion – Conduct OS1 (whole) or OS2 (part) search for priority
2) Apply using AP1 if landlord’s title is registered or FR1 if unregistered
3) Submit certified copy of lease
4) Acquire lender consent if mortgaged property

Question 6

What happens on completion after registration of lease?

Answer 6

Tenant will receive leasehold title and updated landlord’s title

Question 7

If the tenant is a company, does the lease need to be registered at Companies House?

Answer 7

No, unless it is charged