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Deed Of Variation For Ground Rent
"I need a Deed of Variation for Ground Rent to reduce the annual ground rent from £250 to a peppercorn for a leasehold flat in Manchester, with the variation to take effect from March 2025, and the property is subject to a mortgage with Barclays Bank."
1. Parties: Details of the landlord, tenant, and any other relevant parties to the deed
2. Background: Details of the original lease and reason for variation of ground rent
3. Definitions: Key terms used in the deed including 'Original Lease', 'Property', 'Ground Rent', 'Variation Date'
4. Variation: Specific changes being made to ground rent provisions including new amounts and payment terms
5. Effective Date: When the variations take effect and implementation details
6. Original Lease: Confirmation that all other terms of the original lease remain unchanged and in full force
7. Execution: Formal execution clauses and signature blocks for all parties
1. Consent of Mortgagee: Required section when there is a mortgage on the property, including mortgagee's formal consent
2. Management Company Provisions: Section required when a management company is involved in the lease structure
3. Service Charge Variations: Section included when service charge provisions are also being modified alongside ground rent
1. Schedule 1 - Original Lease: Copy or details of the original lease including date, parties, and registration details
2. Schedule 2 - Property Description: Detailed description of the property if different from original lease
3. Schedule 3 - New Ground Rent Provisions: Detailed breakdown of new ground rent terms, calculation methods and payment dates
4. Appendix A - Plans: Property plans if relevant to the variation or if required for Land Registry purposes
Authors
Effective Date
Ground Rent
Landlord
Lease
Original Lease
Original Ground Rent Provisions
New Ground Rent Provisions
Property
Parties
Plan
Premium
Register
Tenant
Term
Title Number
Variation
Management Company
Mortgagee
Rent Payment Day
Rent Payment Dates
Rent Year
Review Date
Variation Date
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