If you've been told you need a Land Registry lease plan for your leasehold property, it's not unusual to have questions. Why do you need one? How much does it cost? How long does it take to get one? And how do you know you've got it right?
We are asked similar questions every day, so we're rounded up some of the things you might need to know if this topic is new to you.
A lease plan is essentially a drawing that depicts exactly what area of a premises is included in a lease. It must be compliant with Land Registry guidelines, meaning - amongst other things - that it must be drawn to scale, include the boundaries of the leasehold in question and any associated land (for example a garden or a garage) and be in enough detail that it could be identified on an Ordnance Survey map.
There are several other land registry plan requirements too, such as the orientation being clearly marked, the location being clearly identifiable and the separate parts of the property being indicated. It is also important that your lease plan is not marked by disclaimers such as 'for identification only'.
Lease plans help to avoid disputes and ensure clarity in property transactions. All Leasehold properties must have a land registry compliant plan in line with regulations that were set as part of the 2022 Land Registration Act.
They are different to land registry title plans, which should also be compliant, but are for use when you are selling freehold land and properties.
Land registry compliant plans should consist of a blueprint-style map, drawn to scale, which contains all of the pertinent details of the demised premises - which effectively means the property, or the space within a property, that is being leased. Typically the key components that must be included are:
At Lease Planners, our land registry compliant lease plans include all of the required elements in both printed and PDF form. A full site survey is also available but is optional.