Ineffective Deed of Enlargement

Background

An Ineffective Deed of Enlargement arises where the expansion of an ownership interest from leasehold to freehold is potentially ineffective. Insurance is usually available to deal with these circumstances.

In what circumstances is cover required?

Where a Deed of Enlargement of a leasehold interest into Fee Simple is potentially ineffective.

Product features:

Risks Covered: Losses damages/compensation awarded against the Insured.

Cover includes 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
  • Details of any challenge/dispute

 

For further information about Ineffective Deed of Enlargement 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