Good Leasehold Title

Background:

Good Leasehold Title describes the circumstances where a Leasehold interest in a Property can be registered without there being clarity regarding the freehold ownership. It is possible that a party may come along claiming the freehold ownership of the property to the detriment of the leasehold title.

In what circumstances is the product needed?

Where a Property has been registered at the Land Registry with good leasehold title but there is a risk that a third party may seek to establish a right or interest in the property.

Product features:

Risks covered: Losses including damages/compensation awarded against the Insured, adverse difference in market value, cost of works required by a court order, cost of settling out of court as agreed with Insurers and other costs and expenses.

Information needed:

  • Property address
  • Property value (or developed value in the event that development is to take place)
  • Use of the Property both current and intended (if a change of use or development is intended)
  • Office Copy entries and filed plan

 

For further information about Good Leasehold Title indemnity insurance or to get a quote, call our team on 0845 557 0845 (local call rate) or 01293 880700 or email us at enquiries@lawsureinsurance.co.uk