Solicitors for Drafting & Amending Deed of Covenants

Leases often contain provisions that the lease may only be assigned to someone who has entered into a covenant with the freeholder and/or the management company (and, occasionally, other tenants).  A deed of covenant may also be required on the transfer of freehold property where a transferee is required to confirm it will comply with positive covenants which affect the property (such as a requirement to contribute towards the cost of repair of shared areas).

The law is quite complicated, and the scenarios easily become convoluted. Even just to understand what needs to be done, and how it might be achieved, requires a high level of qualification and experience in the applicable land law. In short, there’s normally a lot more legal work involved in these situations than lay-people typically expect.

Our fixed-fee product includes:

• Understanding your description of the circumstances and intended outcome
• Checking the relevant title entries and/or deed
• Advising what needs to be done to achieve the desired objective
• Drafting or dealing with the required Deed of Covenant

Not included is negotiation of terms between the parties, acting for more than one of the parties, obtaining any third party consents required (e.g. from lenders or landlords), dealing with any applicable trusts, and other contingencies including dealing with any Stamp Duty Land Tax arising or similar and making and pursuing to conclusion the Land Registration aspects– although we may able to offer assistance with aspects of these other issues that might arise, at extra cost, as they are required.

Note that a landlord or management company or other third party who is required to provide or enter into a Deed of Covenant will often require its own costs to be met by the party who requires the Deed of Covenant.  Any such costs will be payable in addition to our charges.