Set Up Title Lease For Free

An indemnity policy is a type of insurance policy, which is taken out against any loss arising from a defect in a Lease. It is a policy that would normally last for 25 years. It should cover mortgagees and ?successors in title? which means that when the property is sold, a new policy will not be required.

You only own a leasehold property for a fixed period of time. You'll have a legal agreement with the landlord (sometimes known as the 'freeholder') called a 'lease'. This tells you how many years you'll own the property. Ownership of the property returns to the landlord when the lease comes to an end.

An indemnity policy is an insurance policy that provides financial protection against potential future costs or legal disputes related to ground rent issues. The policy only protects the lender and typically costs much less than a Deed of Variation.

Under Article 2A of the Uniform Commercial Code (the ?UCC?), the term ?Finance Lease? is defined to be a true lease which ?consists of an overall three-party transaction in which: (1) the lessor does not select, manufacture, or supply the goods, (2) the lessor did not own the goods before the lease was arranged, and (3 ...

Absolute leasehold This is the best form of title and guarantees you, the registered proprietor, against claims from third parties. Typically, absolute leasehold title will be registered if the freeholder's (the landlord) title is registered with freehold absolute title at the Land Registry.

Assuming you own the freehold of the building in your own name, you cannot grant long leases to yourself. The only way of having separate leases now would be for you to set up a company (with yourself as sole shareholder) and for you then to transfer the freehold to it.

The Lease contains the terms of the leasehold agreement (rights, restrictions, rent clauses etc), however it is not proof of current ownership. The Title Register is the only document that shows the current owner of the property.